Achieving the SDGs globally – and at a national level – requires the mobilization of domestic and international private financing as a complement to public sector resources. Leveraging alternative sources of finance can catalyze additional capital flows to support achieving the SDGs. UNDP Egypt is committed since 2018 to accelerate development finance, with a focus on impact investment and private sector engagement;
Forbes Magazine, gives number of reasons why impact investment makes business sense. These range from the global challenges that governments alone cannot finance the solutions to, to global challenges being global opportunities that afford solution providers the opportunity of becoming the financial winners of tomorrow, to investments in social, health and environmental causes providing an efficient way to meet the individual or company’s social responsibility goals with a much higher ROI than donations or grants.
The Inclusive Growth and Innovation team at UNDP Egypt has been for several years developing capacities. raising awareness and advocating to stimulate the impact investment ecosystem from the demand and supply side and with business intermediaries, addressing the following challenges:
1. Impact Businesses are unaware of the concept of and the opportunities tied to impact investment.
2. Impact Businesses have limited internal skill capacity, precisely the smaller enterprises. They are mostly unskilled in the area of results-based management, impact measurement and reporting.
3. The business model of impact businesses requires better communication and development.
4. Coherent, sector specific, impact management framework and validation mechanisms are lacking.
1. Investors are generally unaware of the concept of and the opportunities tied to impact investment.
2. There is a general misconception that Impact Businesses operate below market returns resulting in the lack of interest from private investors.
3. Coherent, market-ready, impact management framework and validation mechanisms are lacking.
1. Relevant policies, laws, and executive regulations are not conducive or encouraging to impact investment.
2. Limited access to data and clarity in rules and regulations.
3. Limited awareness and capacities by financial intermediaries (banks, DFI’s, non-banking financial institutions).
4. Limited number of service providers in the field of impact management.
Within this context, UNDP is now developing with partners several practical impact investment and impact management mechanisms (impact investment fund, impact measurement tool and green seed grant facility) and seeking to recruit an Impact investment specialist.
Building on achievements in developing impact finance ecosystem, UNDP is seeking an Impact Investment Specialist to manage, strategically advise, and supervise the technical specialists for the Impact Investment project. Under the guidance of the Inclusive Growth and Innovation Team Leader, the incumbent will have the following main areas of work;
With the aim of fostering the impact investment ecosystem in Egypt, the candidate is responsible for;
Development Effectiveness
Knowledge of development effectiveness concepts, principles and issues and the ability to apply to strategic and/or practical situations, covering the economic, social and environmental dimenstions.
Level 4: Apply & Adapt: Contributes skills and knowledge with demonstrated ability to advance innovation and continuous improvement, in professional area of expertise.
Representation
Ability to productively share UNDP knowledge and activities (at UN and other venues)
Level 4: Apply & Adapt: Contributes skills and knowledge with demonstrated ability to advance innovation and continuous improvement, in professional area of expertise.
Resource Mobilization
Ability to identify and organize programmes and projects to implement solutions and generate resources.
Level 4: Apply & Adapt: Contributes skills and knowledge with demonstrated ability to advance innovation and continuous improvement, in professional area of expertise.
Partnerships
Ability to engage with other agencies and forge productive working relationships.
Level 4: Apply & Adapt: Contributes skills and knowledge with demonstrated ability to advance innovation and continuous improvement, in professional area of expertise.
Project Management
Ability to plan, organize, and control resources, procedures and protocols to achieve specific goals.
Level 4: Apply & Adapt: Contributes skills and knowledge with demonstrated ability to advance innovation and continuous improvement, in professional area of expertise.
Knowledge Management and Communications
Ability to efficiently handle and share information and knowledge.
Level 4: Apply & Adapt: Contributes skills and knowledge with demonstrated ability to advance innovation and continuous improvement, in professional area of expertise.
Advocacy
Ability to advocate a point of view and influence others.
Level 4: Apply & Adapt: Contributes skills and knowledge with demonstrated ability to advance innovation and continuous improvement, in professional area of expertise.
Education:
- Undergraduate degree in Business, Finance, Economics, Social sciences or relevant field is required.
- Master’s Degree (MA) in Business administration, Economics, Finance, or International development, is an asset.
Experience:
Language:
Fluency in English and Arabic, both written and oral.
Other:
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.
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Contract Duration: one year with possibility of extension
This vacancy is archived.