Private Sector Investment Lead, USAID Caribbean Resilient Economies and Sectors Activity (RESET)

Organisation
Abt Associates Inc.
Reference
VAC-43663
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 Private Sector Investment 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 Private Sector Investment Lead will lead the development of interventions to catalyze private sector investments in resilience, including through the increased adoption of climate and disaster risk management strategies by businesses, and increased knowledge and capacity of the private sector to invest in resilience.

 

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

  • Play a lead advisory role in building out climate finance-related tools and knowledge products to generate awareness and educate the private sector and other stakeholders (e.g., regulators, policy makers, research institutions, etc.) on investment and insurance products to proactively mitigate climate risk exposure.
  • Identify opportunities and connects capital to where the demand is while understanding the appropriate mechanisms to use, including but not limited to debt markets, debt instruments, equity instruments, grants and risk mitigation.
  • Lead the design and implementation of tailored technical assistance solutions provided to private insurance firms to develop and expand access to disaster risk and insurance products.
  • Lead and support interventions to support regional and national financial institutions to increase and expand financial instruments to reduce their climate risks and support their borrowers to access capital for climate resilience.
  • Lead interventions to establish and/or strengthen national or regional centers on climate resilience for the private sector that collect, generate, and disseminate information that is technically sound, grounded in research, and consistent with private sector strategies.
  • Lead and oversee the provision of technical assistance to countries to develop roadmaps that support adaptation within the private sector, considering the size and sector of various firms, and national sector priorities.
  • Lead interventions that will result in the establishment or strengthening of a private sector project preparation facility to support private sector businesses to access current funding opportunities to mitigate their exposure to climate risks. The facility should be able to provide support to identify appropriate adaptation interventions, navigate the project permitting process, prepare a business plan and/or business continuity plan, and satisfy other lender requirements.
  • Contribute to interventions to improve the enabling environment for climate finance.
  • Collaborate with the RESET team on interventions to enhance the private sector’s capacity to make investments more inclusive of underrepresented communities, women, youth, indigenous populations, and people with disabilities.
  • Contribute to cross-cutting activities, such as disaster risk financing by the public sector; 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 private sector engagement with at least 4 of those years helping private businesses assess risks, develop risk mitigation strategies, and invest in resilience. This experience should include a demonstrated track record working with financial institutions and/or insurance companies to increase private sector access to finance and/or insurance, as well as working with micro, small, medium, and large businesses, preferably in agriculture and other relevant sectors.
  • Demonstrated knowledge of various financial instruments by which climate adaptation and mitigation activities are funded, and how these can be used to attract private sector finance, including: blue/green bonds, blended finance funds, index insurance, carbon markets, debt swaps, concessional equity, and various debt instruments.
  • Established climate finance networks and relationships including with private equity and venture capital fund managers, private debt funds, investment banks, DFIs, development donors, multilateral funds (e.g., GCF, GEF, Adaptation Fund), business development service providers, and other key stakeholders.
  • Well-developed analytical skills, such as investment analysis, systems analysis, market reviews or benchmarking, financial and economic modelling.
  • Demonstrated ability to develop collaborative working partnerships with the private sector, including businesses, business chambers, and financial institutions.
  • Excellent interpersonal, intercultural, diplomacy, and leadership skills, including the ability to manage high-level relationships and motivate subordinates.
  • Highly self-motivated and adaptable to learning and understanding new things.
  • 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/4p3vcn8e

 

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