Job Purpose
Under the general direction of the Principal Director, the Senior Director PPP has responsibility for the co-ordination, management and evaluation of the financial implications of Public Private Partnerships (PPP) through the provision of high quality and timely advice, reviews and analyses of PPP proposals and/or business plans primarily to DFS, FS and the HMOFPS, as well as the Development Bank of Jamaica (DBJ), in order to identify and mitigate GOJ’s exposure to fiscal risks and contingent liabilities.
Key Responsibilities
Technical/Professional:
- Participates in all stages of the PPP monitoring and evaluation processes and represents the MOFPS in the review process to ensure that projects are well substantiated, and meet eligibility criteria for consideration, as a viable PPP;
- Ensures that PPP projects are prepared for competitive market bidding in such a way that all financial and risk components are adequately identified, quantified and allocated in a manner consistent with prescribed methodologies;
- Assesses value for money by evaluating the proposed PPP against “Public Sector Comparator”, and/or any other methodology developed in order to provide feedback on the negative implications of pursuing these projects as PPPs;
- Crafts contributions to GOJ’s Annual Fiscal Policy Statement to Parliament on PPP matters/projects;
- Reviews analyses done by other Agencies and Consultants to ensure that these are of high quality and consistent with GOJ imperatives;
- Reviews and evaluates fiscal reports from PPP Contract Managers in order to advise MOFPS’s internal and external stakeholders;
- Develops and maintains working relationships with counterparts at a comparable level in:
- The Privatization and PPP Unit in the Development Bank of Jamaica (DBJ);
- Sector Ministries, Departments and Agencies that are developing and managing PPPs.
- Conducts research to determine applicable standards relating to the accounting treatment of PPPs in order to guide the enhancement of transparency and accountability of public sector entities through regular reporting on service concession arrangement assets and related financing;
- Monitors and evaluates fiscal risks across the Government’s portfolio of PPP projects, including receiving and assessing quarterly risk reports from Government entities with active PPP projects;
- Undertakes/reviews economic, financial and value for money assessments to drive decision making on PPPs, and ensure consistency and compliance with the Government of Jamaica’s fiscal constraints by:
- ensuring that all fiscal commitments required by candidate PPP projects are identified early in the process;
- conducting economic and financial analyses and give appropriate prominence in decisions relating to PPPs;
- allocating appropriate weights in prioritising candidate PPP projects with positive fiscal impact and scrutinise those with negative impacts;
- carrying out the following analyses to determine possibility for value for money with respect to proposed PPP projects:
- ? economic costs and benefits analysis
- ? fiscal risk analysis
- ? expected fiscal costs and benefits analysis
- seeking to identify all sources of fiscal risks liabilities that may negatively impact the GOJ’s planned economic programme.
- Guides the risk identification process so that all fiscal commitments required by candidate PPP projects are identified early, including ensuring the:
- identification, and proper calculation of ‘expected’ and ‘worst case’ values of any fiscal commitments and highlights these in business cases and other decision documents on PPP that are submitted to Cabinet, in order to mitigate fiscal risks attendant to projects being executed under the PPP Programme;
- analyses and evaluations of economic costs and benefits for requests from other Agencies for PPP projects to lead to the formulation of advice to Government on whether it would be beneficial for the country to pursue certain projects;
- development of an appropriate mitigating action framework and guides its implementation, as necessary; and,
- devising and implementing mechanisms to ensure that fiscal commitments related to PPPs are appropriately budgeted for, appropriated, and reported on.
- Makes recommendations on whether or not MOFPS should agree to certain investments based on a review of attendant clauses in PPP proposals, Business Case, etc. with respect to considerations of potentially destabilising outcomes for respective Public Bodies and, ultimately, the GOJ and its fiscal programme, including, but not limited to, consideration of proposed foreign investment in Jamaica with clause for a Public Body undertaking of the loan/investment guarantees;
- Liaises with the Public Expenditure Division (PEX) and the Economic Management Division (EMD) regarding fiscal space to accommodate PPP projects that requires inclusion in GOJ’s economic programme, particularly where availability payments are to be made;
- Participates in meetings on the Gateway Review Process at the Technical Review Committee/Public Investment Management Committee and the DBJ to ensure that projects are well substantiated, meets the criteria and that Cabinet Submissions present the projects as needed for Cabinet to make a well informed decision;
- Consults with Government entities and local and internationals Sector Partners to determine key factors to consider when undertaking PPP Projects and/or transactions;
- Represents the MOFPS on Enterprise and Negotiation Teams, approved by Cabinet for PPP transactions;
- Prepares briefs for the Honourable Minister of Finance and Public Service on the development of PPP for assigned sector infrastructure, as required;
- Drafts Cabinet Papers to outline the perspective and/or position and/or advice of the Ministry of Finance and Public Service on PPPs;
- Collaborates with wider MOFPS Team to provide a timely and complete advice to HMOFPS, DB and other key stakeholders on PPP matters, including notifying HMOFPS immediately where assessments reveal that the fiscal cost of a project has changed or will likely change, or risks reports are not received by the PPP Unit.
- Identifies, and properly calculates ‘expected’ and ‘worst case’ values of any fiscal commitments and highlights these in business cases and other decision documents on PPP that are submitted to Cabinet in order to mitigate fiscal risks attendant to projects being executed under the PPP Programme;
- Provides commentaries and/or recommendations on Cabinet Submissions from Ministries, Departments and Agencies on PPP matters, in collaboration with PPP Unit at Development Bank of Jamaica (DBJ), to ensure that the Cabinet is properly advised to make a well informed decision;
- Analyses and evaluates economic costs and benefits for requests from other Agencies for PPP projects to lead to the formulation of advice to Government on whether it would be beneficial for the country to pursue certain projects.
- Collaborates with Team Members in providing assistance to other Divisions/Departments/Agencies within the MOFPS to:
- remain informed about matters concerning PPP transactions that affect their areas of responsibility; and,
- provide information, comments and decisions required from them on PPPs in a complete and timely manner;
Management/Administrative:
- Participates in the development of the Corporate, Operational and Individual Work Plans, and Annual Budget to reflect the PPP’s strategic priority areas;
- Develops and reviews the PPP-related operational policies, procedures and systems to meet the Ministry’s goals, objectives and targets;
Required Knowledge, Skills and Competencies
- Leadership – Possess good leadership skills
- Negotiation and persuasion – Possess excellent negotiation and persuasion skills
- Planning and organising – Excellent planning and organization skills
- Problem solving & analysis - Logical problem solving and analytical skills
- Communication - Possess excellent written and oral communication skills
- Initiative & judgment - Ability to exercise initiative and sound judgment
- Integrity/ethics - Possess and exercise high integrity and ethical standards
- Interpersonal skills - Possess excellent interpersonal skills
- Quality of output - Deliver output of a consistently high quality
- Teamwork - Be a team player
Minimum Required Qualification and Experience
- Master’s Degree in Economics, Finance, Business Administration, Public Policy or equivalent qualification from recognised Tertiary Institution
- Three (3) years’ experience in similar position in the Public Sector, to include experience in financial analysis, risk management, project analysis, and policy analysis
- Certification in Project Management and/or PPP Certification
- Specialised training in financial modelling, economic cost benefit analysis and investment analysis, policy analysis, and/or related modern statistical techniques and approaches
OR
- Bachelors’ Degree in Accounting, Economics, Finance, Business Administration, Public Policy or equivalent qualification from recognised Tertiary Institution
- Five (5) years’ experience at the senior management level in the Public Sector, to include experience in providing policy advice and direction, leading PPPs, and public policy co-ordination across a number of Sectors/Industries.
- Certification in Project Management and/or PPP Certification.
- Specialised training in PPP management/value for money analyses, financial modelling, economic cost benefit analysis and investment analysis, policy analysis, and/or related modern statistical techniques and approaches.
Special Conditions Associated with the Job:
- Pressured working conditions with numerous critical deadlines.
- May be required to work outside of normal working hours/days
Please note that only shortlisted applicants will be contacted.
