Financial Markets Development (FMDP) Lead Millenium Challenge Account-Indonesia II

  • Date Posted: 2023-10-31 12:09
  • Expired

Job Description

**Financial Markets Development (FMDP) Lead

Millennium Challenge Account-Indonesia II **

Introduction and Background

The Millennium Challenge Corporation (MCC) is a U.S. government corporation established in 2004. Its mission is to provide assistance that will support sustainable and inclusive economic growth and poverty reduction in carefully selected developing countries that demonstrate a commitment to just and democratic governance, economic freedom, and investments in their citizenry.

In December 2018, MCC’s Board of Directors selected Indonesia as eligible to develop a second compact. The selection reflected the strong partnership MCC and Indonesia built during the first compact. Following signature of the Indonesia Infrastructure and Finance Compact on April 13, 2023, the entity charged with implementing the compact activities, Millennium Challenge Account-Indonesia II (MCA), is currently in the pre-implementation preparation stage, prior to “Entry-Into-Force” (EIF) of the compact agreement at which time the five-year implementation period begins.

The Indonesia Infrastructure and Finance Compact consists of three projects:

The Advancing Transport and Logistics Accessibility (ATLAS) Project will work with five provincial governments – South Sumatra, North Sulawesi, Riau, Riau Islands and Bali – to improve infrastructure planning and preparation at the sub-national level, where transport and logistics are more constrained. The resulting projects will improve access to employment opportunities for Indonesians and the accessibility of transport services for women and disabled passengers.

The Access to Finance for Women-owned/Micro-, Small and Medium Enterprises Project aims to increase formal lending services to MSMEs, especially those owned by women. The project will also provide business training, including digital and financial literacy trainings, and technical assistance to improve credit worthiness and investment readiness.

The Financial Markets Development (FMD) Project will provide technical assistance and blended finance grants to increase the participation of private sector or commercially oriented finance in infrastructure investments. This will help the government of Indonesia to form new partnerships and unlock existing money to fund lower-risk, high-quality infrastructure projects

Detailed information about the MCC Indonesia Compact program is available on the [] (refer to Annex I: Program Description of the Compact).

Position Background and Objective

This position will assume a critical role in leading the Financial Markets Development Project (FMDP). The FMDP Lead, reporting to the Deputy Executive Director for Infrastructure Finance, will lead the successful implementation of the project, from initiation and execution, building collaborative relationships with project stakeholders, and oversight of project budgets, for the Financial Markets Development Project. The FMDP Lead shall provide thought leadership and strategic direction to FMDP, and collaborate with MCA’s Environment and Social Performance (ESP), Gender and Social Integration (GSI) and Monitoring and Evaluation (M&E) Leads. The FMDP Lead shall ensure that all Project implementation and targets are met according to Compact objectives and agreed workplans, prepared jointly with ESP, GSI, Economic Analysis and M&E teams.

Tasks and Responsibilities

  • Lead successful implementation of the FMDP activities consistent with the objectives, budget, investment criteria, and other requirements stipulated in the Compact.

  • Support the Deputy Executive Director for Infrastructure Finance in representing the FMDP with Government of Indonesia counterparts, civil society, project beneficiaries, community and private sector representatives, service providers, province and district multi-stakeholder forums, and MCA/Jakarta consultant staff.

  • Provide strategic direction and advice to advance the preparation, development, and implementation of all FMDP activities.

  • Coordinate closely with provincial- and district-level governments in development and implementation of FMDP.

  • Provide technical inputs and review to project activities including, but not limited to participatory planning processes, consultant and contractor Terms of Reference, training materials and subsequent training sessions, work plans, and disbursements.

  • Manage contracts and grants under FMDP and ensure quality, timely deliverables within budget.

  • Work with MCA-II and MCC management to finalize implementation framework, procurement documents, awareness campaigns, evaluative studies, and project reports.

  • Provide inputs as required for the Monitoring and Evaluation (M&E), Environmental and Social Performance (ESP), Gender and Social Inclusion (GSI), and Climate Change Related Activities under the MCC guidelines.

  • Ensure that FMDP is implemented in compliance with MCC Inclusion and Gender Strategy, Gender and Counter-Trafficking in Persons Policies, as well as related Indonesian regulations and laws; ensure the project’s compliance with the Social and Gender Integration Plan and coordinate with the MSME Finance Project towards successful completion of project components related to one stop services, women and child-friendly facilities.

  • Prepare regular progress reports and serve as the main point of contact on FMDP-related matters to the Deputy Executive Director of Infrastructure Finance.

  • Prepare periodic progress reports and serve as the main point of contact on FMDP- related matters to the MCC Project Lead. Ensure appropriate coordination and interface is maintained between the MCA-II and MCC technical teams.

  • Travel as necessary, domestically to compact provinces and internationally, to build and maintain effective working relationships with key counterparts and stakeholders.

Key Qualifications (Education, Experience, Technical Competencies)

Pass/Fail Qualifications

  • Advanced university degree (Masters or above).

  • Fluency in Indonesian and excellent written and verbal communication skills in English.

Required Qualifications

  • Advanced university degree in engineering, infrastructure finance, or a field of relevance to the FMDP.

  • Fifteen (15) or more years of professional experience, including at least seven (7) years in a management or leadership position in infrastructure finance, the financial markets or economic development sector.

  • Successful track record (and history) of delivering high quality projects on time and within budget.

    Desired Qualifications

  • Demonstrated experience in working with Indonesian government agencies at the subnational and national levels.

  • Knowledge of Government of Indonesia laws, regulations, and development plans, particularly those relevant to transport planning, infrastructure finance, environmental and social assessment, gender, climate change, public consultation, and economic development planning.

  • Experience working in the private, commercial sector in a related field (i.e., infrastructure finance).

  • Experience in closing transactions that involve structured/project finance, public finance, and climate/green/sustainability finance.

  • Demonstrated ability to manage large and complex contracts and to contribute to the procurement of such contracts.

  • Demonstrated ability to interact constructively and strategically with technical experts, government officials, beneficiaries of Compact projects, civil society, contracted service providers, local community leaders, and private sector counterparts including financial institutions.

  • Demonstrated ability to lead and work with multidisciplinary teams and institutions.

  • Successful track record (and history) of achieving commercial and financial close of projects on time and within budget.

  • Outstanding organizational skills and the ability to work in large, multi-cultural teams.

Duration and Performance Location

The Consultant is expected to work for a base period of 12 months in Full-Time. There is potential for follow-on contracts to cover the implementation of the five-year Compact. Any follow-on contracts will be based on satisfactory performance and mutual agreement.

Working Facilities

Office space and a laptop equipped with the necessary software will eventually be provided to the Consultant in Jakarta. However, for an interim period during the project start-up phase, the Consultant will be expected to provide his or her own laptop and all necessary equipment as needed to perform the services, until IT equipment and the office space is procured. This includes but is not limited to a computer/laptop and mobile.

Airfare for domestic travel within Indonesia and lodging outside Jakarta and other cities is provided by MCA-Indonesia II.

Additional Information

This Position Description is subject to revisions/updates as necessary to ensure alignment to the organization’s strategic direction and structure. Revisions to the description are subject to applicable MCA-Indonesia II policies and procedures, and official versions of each Position Description are maintained by MCA-Indonesia II.