Analyst (Green Investment Services)
Based in Seoul, The Global Green Growth Institute (GGGI) is an intergovernmental organization founded to support and promote a model of economic growth known as "green growth", which targets key aspects of economic performance such a poverty reduction, job creation, social inclusion, and environmental sustainability. GGGI works with countries around the world, building their capacity and working collaboratively on green growth policies that can impact the lives of millions. The organization partners with countries, multilateral institutions, government bodies, and private sector to help build economies that grow strongly and are more efficient and sustainable in the use of natural resources, less carbon intensive, and more resilient to climate change.
GGGI has a diverse portfolio of programs in developing countries around the world. These in-country programs, together with global products and services, focus on delivering results through an integrated approach of evidence-based green growth planning and implementation aligned to countries’ development priorities. The organization also focuses on knowledge development and management activities which build a strong theoretical and empirical basis for green growth, while providing concrete options and guidance for policymakers; as well as building the conditions for public and private green infrastructure investments.
The Investment and Policy Solutions Division (IPSD), based at GGGI's Seoul headquarters works with programs in countries and on (global) projects, by:
• Providing technical and financial know-how through advice to country programs in the areas of energy, green cities, land-use and water;
• Working with the Green Growth Planning and Implementation Division (GGP&I) on the development of service offerings (in GGGI’s four main focus areas) and related methodologies (delivery approaches);
• Converting experience gained through country activities and engagement in international networks into elements of South-South cooperation programs, sub-regional knowledge sharing programs and national level capacity building activities;
• Developing global level tools such as the Green Growth Potential Assessment methodology and flagship products (such as the planned Green Growth Index);
• Contributing to the preparation of corporate communication material;
• Managing GGGI’s involvement in knowledge management networks such as the Green Growth Knowledge Platform or other international platforms as appropriate.
The Division expects to expand its technical capacity and broaden intellectual base by hiring an Analyst for program development and integrated delivery, particularly on bankable projects, financial instruments, and National Financing Vehicles (NFVs).
The Government of Senegal demonstrated its commitment to green growth by becoming GGGI’s first West African member in November 2014, and by the approval of its development plan, the Plan Senegal Emergent (PSE) in 2014. Senegal has set its principal strategic focus in the coming 5 years on successfully implementing the PSE and the related policies to sustain strong macroeconomic growth and catalyze structural change targeting poverty reduction and social inclusion.
Upon invitation by the Government, GGGI initiated a process towards the development of a green growth cooperation program with Senegal. GGGI had a first visit exploratory visit in March 2015, followed by a stakeholder workshop in June and a validation workshop in October. The dialogue with the Government and key stakeholders resulted in a program, which supports ongoing efforts to develop a green economy and fulfills the ambition of the PSE. The one-year program allows GGGI to gain a better understanding of the development landscape in Senegal, add value to ongoing development initiatives, and prepare Senegal to carry plans into action by developing the domestic capacity to leverage international climate finance.
The program started in January 2016, with a focus on
• Roadmap on Green City Development. The green city development component will identify specific interventions that will put Senegal’s urbanization on a green growth pathway in the context of the PSE. GGGI will work with the Ministry of Urbanization and the World Bank to establish a national framework/set of standards for green/sustainable cities in Senegal.
• Renewable energy for rural economic development. The renewable energy component will explore how energy-based solutions can increase productivity in a rural setting and focus on ways to improve renewable energy resource development for greener growth. GGGI will work with the Ministry of Energy ENDA and GIZ to outline the successes and challenges in improving access to energy for productive use in the rural areas
• National Climate Fund (NCF). GGGI will work with relevant government stakeholders in the Ministry of Environment and Sustainable Development (MESD), the Centre de Suivi Ecologique (CSE), UNDP and NCF to determine how Senegal can build its internal capacity to develop and submit bankable project proposals, including the Green Climate Fund (GCF).
The IPSD Division expects to expand its technical capacity and broaden its intellectual base by hiring an Analyst based in Senegal for program development and integrated delivery, particularly on bankable projects, financial instruments, and the National Climate Fund (NCF), along the lines of the 3 components mentioned above.
The Analyst supports the deal team to manage and deliver on green investment projects.
Specifically, the Analyst shall, among others:
• Independently develop own financial models and perform sound financial analysis
• Draw conclusions from financial analysis and use the financial projections (including valuation) to design/recommend suitable financial structures, identify project issues, opportunities and risk/reward factors
• Develop and maintain investment documentation under guidance from the deal team
• Support the head of department on business development by collecting and analyzing market data to support identification of new business opportunities
• Demonstrate sound analysis of financial models to assist screening of business opportunities
The Analyst applies knowledge of project/portfolio lifecycle to identify and meet critical path milestones, and to implement tasks (including production of documents) in a timely and high quality fashion for the processing or supervision of projects.
He/she shall also build his/her own understanding of GGGI project development methodology as guided by the head of department, and in line with the project team.
Core competencies and business acumen for this position have been categorized according to project structuring, portfolio management, and business development.
• Interprets term sheets and works with senior staff to draft investment documentation
• Origination: Investigates and prepares the business case for new potential opportunities
• Project structuring: Applies specialized finance skills to use assumptions into the creation of financial projections for renewable energy and green infrastructure assets
• Delivery: Organizes analytical work to ensure that deliverables against milestones are provided in a timely manner
Delivery includes aspects such as organizing of work outputs to ensure delivery through adapting GGGI procedures, anticipating resource needs and obstacles, and keeping the head of the department and others updated.
Education: An advanced university degree in environmental economics, public policy, international business, or other related disciplines related to green growth and sustainable development in renewable energy and infrastructure development.
Work Experience: 3-7 years of professional experience in finance and infrastructure development with a public or private sector organization
• Specific knowledge/experience required includes, but not limited to, a general understanding of : infrastructure development/finance/PPP, financial instruments, PPP for infrastructure, economic/financial analysis for public investment, banking, green/climate finance, especially within the context of Africa, a highly technical understanding of specific policies and measures relevant to Africa, governance and regulatory approaches in developing and emerging countries, and global trends in the thematic area.
• Experience and expertise in data analysis, research, and application of quantitative/qualitative assessment
• Overall understanding of the concept of green growth in the context of developing countries
• Understanding of project cycles and management and effective means of communication is a plus
• Experience in Energy projects by delivering agreed outputs on time and managing relationship with stakeholders, experience in renewable energy projects for rural economic development a plus.
• Experience in carbon market, sustainability standards, and impact investment is a plus.
• Experience in developing countries context specifically Senegal and West Africa, preferably on policy consultation and project development.
• Fluent in French and English, knowledge of another relevant language is an asset.
• Willingness and ability to travel.
•International Experience required, plus one country experience
GGGI needs a person who can bring more than knowledge and passion to the role: someone who has the grit and resilience to do this work, someone who is proactive, dynamic, and able to work together with minimal supervision. The successful candidate is a skillful team member with an ability to interact within and beyond GGGI, a thoughtful communicator, a deep thinker, and a diplomatic change agent who understands the dynamics and tensions in this kind of diverse, global landscape. The individual should:
• Demonstrate a high level of expertise in relevant area
• Be excellent in knowledge development
• Anticipate and provide necessary technical and content-based support
• Handle complex multi-stakeholder relationships
• Be keen on maintaining a high degree of professional integrity
• Be willing to travel internationally, be curious about new environments and new countries
• Effectively communicate, listen to others, and create and promote an environment for open communication
• Work effectively with other teams of a high degree of cultural/professional diversity