Terms of Reference (TOR)

Finance Expert

Individual Contract (IC)

Job Title: Financial Expert

Project:Increasing the climate change resilience and water and food security of Cabo Verde through effective and efficient water resource management.

Duty Station: Home based with a duty travel toCabo Verde

Duration:Up to 10 working days during the period of 1 Oct – 30 Nov 2017

A.Project Description

The Green Climate Fund (GCF) is a financial operating entity of the United Nations FrameworkConvention on Climate Change (UNFCCC), established to contribute to the collective efforts of the international community to combat climate change. The GCF seeks to fund projects and programmes that provide an opportunity for a transformational shift in countries’ climate resilience and green economies, prioritizing a balanced approach between adaptation and mitigation. The GCF can be accessed directly by National Implementing Entities from developing countries and/or through international and regional Implementing Entities (IE). The documents to be produced under this consultancy will be developed for a medium-sized project that promotes the adoption of climate smart measures that improve resilience of vulnerable communities.

The impacts of climate change in Cabo Verde are being increasingly felt in several critical aspects and affecting many locations of this already highly water-stressed small island development state. Without active climate change mainstreaming efforts in the country’s policy and regulations governing the water sector, improvements and innovations in infrastructure, and fundamental paradigm shift in how water resources are managed in the country, further stress on water resources would jeopardize the water and food security of the population, especially those most vulnerable, limit their potential for economic growth and hinder their efforts towards attaining SDGs.

In the above context, the Cabo Verde’s National Designated Authority (NDA) for the Green Climate Fund has requested UNDP’s assistanceto seek for financial support from GCF to strengthen its adaptive capacity and climate resilience in water resources management, building on the existing good practices in the country and opportunities to scale up. The proposed project will address technical, financial, capacity, and access barriers related to water resource management.

Responding to the request, UNDP has secured services from amultidisciplinary team of consultants to assist with the development of a GCF Concept Note, a pre-feasibility assessment and the preparation of a Request for a Project Preparation Facility. The two documents, along with a Request for Project Preparation Facility, will be in the required format set by GCF.

UNDP is now seeking for services from a finance expert to deliver the following tasks and compliment the work of the multidisciplinary team to develop a quality Concept Note.

B.Scope of Work

A project design team, comprised of international technical experts supporting the UNDP team, will conduct a mission to meet with key government representatives, government technical experts, international development partners and community stakeholders for the purpose of designing a project that enables Cabo Verde to adapt to the impacts of climate change and increase the country’s resiliency. The mission will result in the development of a GCF Concept Note and a Pre-feasibility Study that will subsequently inform and contribute to a full funding proposal.

The Financial Expert is expected to conduct some preparatory work prior to the mission, participate actively in the mission and provide substantive contribution to the development and finalization of the Concept Note and the Pre-Feasibility Study, mainly but not limited to the Financial section(s).

C.Expected Deliverables

Working in coordination with other experts at the national and regional level, UNDP and the Government staff, the finance expert will be responsible to:

  • Conductvarious financial analyses required of the project design that will be developed during the mission.
  • Lead the financial aspects of the planning discussions among the Concept Note development team, including UNDP, during the mission and providesubstantive adviceto the team, Government and stakeholders on the suitability of grant and non-grant instruments in developing a project funding model and partnerships and guidance on appropriate co-finance for the project,
  • Lead the stakeholder consultation on economics and financial aspects of the proposed project design during the mission to validate and develop the concept note, funding instruments, co-finance, partnerships and implementation arrangements.
  • Responsible for the finalization, and revisions as required, of the financial analysis sections of the Concept Note and Pre-feasibility Study and accompanying documents.

Deliverables/Outputs / Estimated Duration to Complete / Target Due Dates / Review and Approvals Required
Submission of draft Concept Note sections B.3., B.4., C.1., C.2., D.4. (Fiscal and capital market sections), D.6., E., F. / 7 days / 3 Nov 2017 / Deputy Resident Representative, UNDP Cabo Verde
Submission of final Concept Note sections B.3., B.4., C.1., C.2., D.4. (fiscal and capital market sections), D.6., E., F. / 3 Days / 15 Nov 2017 / Deputy Resident Representative, UNDP Cabo Verde

D.Institutional Arrangement

The Expert will work directly under the supervision of UNDP Cabo Verde Office Ms. Ilaria Carnevali and UNDP Regional Technical Specialist Dr. Akiko Yamamoto. The expert will coordinate closely with

the team of consultants hired to develop the Concept Note, the Government of Cabo Verdeand relevant in-country expertsand other key stakeholders.

The tasks are expected to be completed through a combination of (a) home-based preparatory work; (b) leading or participating in country level consultations (together with UNDP staff) and; (c) post-mission drafting.

E.Duration of the Work

A maximum of 10 days starting from 1 Oct 2017through30 Nov2017.

F.Duty Station

Home-based with one trip to Cabo Verde.

G.Qualifications of the Successful Individual Contractor

  • Master degree or higher in economics, finance, public administration, environmental economics, natural resource economics or other closely related field.
  • At least 8 years of relevant work experience in areas such as economics of adaptation, teaching in applied research departments, institutional capacity-building for public administrators on economics and finance development planning and budgeting, development management, public administration and related initiatives;
  • Experience in developing Green Climate Fund proposals;
  • Experience in developing GCF proposals on climate change adaptation, in particular, in water sector is highly advantageous;
  • Track record of applied research on the economics of climate change impacts, economics of adaptation and impact evaluation assessments;
  • Experience in working on capacity building for climate change adaptation is an asset;
  • Excellent oral and written communication skills in English is mandatory; Portuguese and/or French is an asset.
  • Culturally sensitive, friendly, and effective communication skills that is conducive to effective presentations and networking, and building trust required to complete tasks;
  • Proactive in updating work progress and raising any challenges and proposing practical solutions when delays and/or change of plans occur;
  • Able to build strong relationships with stakeholders, focuses on impact and result for the stakeholders and responds positively to feedback; consensus-oriented;
  • Highly developed inter-personal, negotiation and teamwork skills, ability to work in multi-cultural environment;
  • Sensitive to and can demonstrate diplomacy and integrity within cultural complexities and unique political contexts.
  1. Price Proposal

Price proposal should be made in the proposed daily fee (all inclusive). All costs associated with the required travel will be paid separately (i.e. not included in this contract value). Please complete this section accordingly.

  1. Recommended Presentation of Offer

Applicants are recommended to present their offers through the submission of the following documents to the email indicating the following reference “Finance Expert – international consultant” by 3 October 2017 at 16H30 (Cape Verde time) COB.

a)Duly accomplished Letter of Confirmation of Interest and Availability using the template provided by UNDP;

b)Personal CV and P11, indicating all past experience from similar projects, as well as the contact details (email and telephone number) of the Candidate and at least three (3) professional references;

c)Brief description of why the individual considers him/herself as the most suitable for the assignment, and a methodology, if applicable, on how they will approach and complete the assignment (presented in no more than 1 page).

d)Financial Proposal that indicates the all-inclusive fixed total contract price, supported by a breakdown of costs, as per template provided.

Only proposal submitted by email should be considered. Incomplete applications and applications sent after the deadlines will be excluded from further consideration.

Only selected candidate will be notified.

J. Criteria for Selection of the Best Offer

A combined Scoring method will be used to select the best offer, where the qualifications and methodology will be weighted for 70%, and combined with the price offer which will be weighted for 30%. The key criteria for rating the qualification and methodology and their respective percentage weight are as shown below.

Criteria / Percentage weight / Notes
Master degree or higher in economics, finance, public administration, environmental economics, natural resource economics or other closely related field. / 5 / Masters required.
At least 8 years of relevant work experience in areas such as economics of adaptation, teaching in applied research departments, institutional capacity-building for public administrators on economics and finance development planning and budgeting, development management, public administration and related initiatives / 5 / At least 8 years of relevant work experience required.
Previous experience in developing GCF proposals / 20
Previous experience in developing GCF proposals on CCA, and on water sector in particular / 20
Proven records in the expert level knowledge on and experience in the economics of climate change impacts, economics of adaptation, and impact evaluation assessments / 15
Experience in working on capacity building for climate change adaptation / 10
Proven records in stakeholder engagement and consultations, client-orientation / 10
Proven records in working in culturally diverse environment, working with a team of professionals with diverse cultural and technical background / 10
Language (English required, Portuguese desired, French advantageous) / 5 / English required.
Total (technical score) / 100

K. Approval

This TOR is approved by:

Signature

Name and Designation:Ilaria Carnevali, Deputy Resident Representative

Date of Signing

5