Disaster Risk Finance Lead, USAID Caribbean Resilient Economies and Sectors Activity (RESET)

Organisation
Abt Associates Inc.
Reference
VAC-43664
Contract Type
Full-Time
Industries
Accounting & Finance, Consulting & Project Management, Management
Location
Bridgetown, Barbados
Salary & Benefits
Date Posted
23/01/2023
Expiry Date
06/02/2023
Abt Associates seeks a qualified Disaster Risk Finance (DRF) Lead to support the expected USAID-funded Caribbean Resilient Economies and Sectors (RESET) Activity.
 

About Abt Associates

Solving the world’s most pressing issues and improving the quality of life for people worldwide is what we do every day at Abt Associates. Creating a more equitable world is no small task, but we are driven by big challenges.

We are a team of 4,000+ people in over 50 countries working in unison and focused on the bigger picture. Only by sharing our commitment and energy do we affect change and push the boundaries of what’s possible. We welcome diverse ideas, backgrounds, and viewpoints – joining Abt means access to exceptional thinkers at the top of their game.

To thrive at Abt is to embrace flexibility and collaboration. Our open culture allows you to balance your work and personal life as needed to optimize personal well-being. Creating a more equitable world starts from within – we look after people around the world, and we’ll do the same for you.

Ready to embrace rewarding and meaningful work? Now’s your chance.

 

Opportunity

The purpose of this activity is to reduce systemic constraints to climate and disaster finance and increase investments in resilience across priority sectors such as agriculture. The activity is expected to have the following objectives:

  • Objective 1: Increased capacity of the public sector to develop, update and implement financial instruments for climate and disaster-related fiscal risk management and investment in key sectors for resilience.
  • Objective 2: Improved private sector investment in resilience.
  • Objective 3: Productive partnerships for resilience established and strengthened.

The DRF Lead will lead the development of interventions to increase the capacity of the public sector of supported countries to develop, update and implement financial instruments for climate and disaster-related fiscal risk management and investment in key sectors for resilience. These will include interventions to update/develop DRF tools to cover the entire spectrum of risk (from small, frequent events to rare, extreme events), as well as interventions to support the development of viable climate resilience projects that are ready to receive financial resources from the private sector and international climate funds.

 

The position is anticipated to be full-time for the five-year duration of the activity and based in Bridgetown, Barbados. The position is contingent upon the activity’s award and USAID approval. The tentative start date is around August or September 2023.

 

Key Roles and Responsibilities

  • Assist the public sector to develop and implement a comprehensive macro DRF approach to adequately cover the spectrum of frequencies and severity of climate-related shocks being faced now and in the future, including integrating such approach within existing public policy initiatives.
  • Lead and oversee the provision of technical assistance to support the development of public wholistic DRF strategies, structuring of specific risk-management products, and readiness for/access to mechanisms like contingent-credit facilities.
  • Help design financial mechanisms (e.g., grants) to mobilize public and private capital towards the launch or uptake of new instruments at a regional and national level (e.g., premiums for regional DRF products, grants for research and development of national insurance products, including for specific sectors).
  • Provide guidance and oversee financial advisors supporting the public sector in the development of initiatives to help manage the fiscal risks related to climate change.
  • Lead the development of interventions to improve the enabling environment for climate finance.
  • Lead and oversee the provision of technical assistance to develop climate resilience projects that are ready to be funded and that are aligned with country priorities, as described in National Adaptation Plans, Nationally Determined Contributions, and national climate-related strategies.
  • Lead and oversee the provision of technical assistance to build the capacity of the public sector to develop and manage new investment vehicles.
  • Collaborate with the RESET team on interventions to enhance the public sector’s capacity to make investments and adopt public policies that benefit underrepresented communities, women, youth, indigenous populations, and people with disabilities.
  • Contribute to cross-cutting activities, such as private sector engagement; building productive partnerships for resilience; gender and social inclusion; monitoring, evaluation, and learning; and collaborating, learning, and adapting.

 

What We Value

  • Master’s degree in economics, finance, international development, business, or a related field.
  • At least 7 years of experience in climate risk mitigation with at least 4 of those years working in the development and implementation of DRF strategies for the public sector, structuring of specific risk-management products and/or readiness for/access to risk management mechanisms.
  • Demonstrated track record of mobilizing finance from the public and/or private sectors, preferably for investments in areas related to climate change and/or disaster risk management, including through the use of grants, loans, and other mechanisms provided by specialized climate finance sources (e.g., Green Climate Fund).
  • In-depth knowledge of Public-Private Partnerships, including the legal and regulatory requirements for developing them in relevant Caribbean countries.
  • In-depth understanding of Caribbean countries’ policies and political context, and of the challenges and opportunities that these create for the adoption and/or strengthening of DRF strategies for the public sector. 
  • Demonstrated ability to develop collaborative working partnerships with a wide variety of stakeholders, including national and sub-national governments, the donor community, private sector, civil society, and academia.
  • Excellent interpersonal, intercultural, diplomacy, and leadership skills, including the ability to manage high-level relationships and motivate subordinates.
  • Experience implementing donor funded programs is preferred.
  • Ability to work both independently and in a team-oriented, collaborative environment.
  • Strong skills in verbal and written communication required
  • Fluency in English required. 
  • Barbadian nationals encouraged to apply.

 

Minimum Qualifications

Bachelor’s Degree + 10 years of relevant experience, or Master’s Degree + 7 years of relevant experience, or PhD + 4 years of relevant experience

 

What We Offer

We foster an environment where you can Thrive Your Way. Our innovative total rewards programs are designed to help balance your work and personal life. The approach toward your wellbeing centers around comprehensive benefits, flexible schedules, and professional development.

Abt Associates is an Affirmative Action/Equal Opportunity employer committed to fostering a diverse workforce. Abt Associates provides market-competitive salaries and comprehensive employee benefits. Local candidates strongly encouraged to apply.

Disclaimer: Abt Associates will never ask candidates for money in exchange for an offer of employment.

 

Application Instructions

Qualified candidates should submit a cover letter and CV at the below link by 6 February 2023

https://tinyurl.com/3yny3xnv

 

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