[newdevjobsindo] MCA-Indonesia II Vacancy Announcement: Deputy Executive Director, Infrastructure Finance

Februari 19, 2024   Comment  

Millennium Challenge Account - Indonesia II

Deputy Executive Director (DED), Infrastructure Finance

 

Project Overview

 

The Millennium Challenge Corporation (MCC) is a U.S. government corporation established in 2004. Its mission is to provide assistance that will support inclusive and sustainable 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. The compact agreement will be valid for a period of five years. MCC's work with Indonesia on the second compact 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 proposed Indonesia Compact is designed to improve the country's transport and logistics infrastructure, developing high-quality, climate-conscious transportation infrastructure in five provinces while increasing access to finance for micro-, small, and medium-sized enterprises (MSMEs).

Along with implementing policy and institutional reforms, the proposed grant program will include three separate projects, in alignment with Indonesia's own development priorities:

I. The $350 million Advancing Transport and Logistics Accessibility Services Project (ATLAS), which aims to improve transport planning and preparation in target provinces by preparing, structuring, procuring, and delivering support to sub-national governments.

• Transport Planning Reform Activity: This activity will develop two proof-of- concept multi-modal transport planning projects to influence the Government of Indonesia to embrace the necessary institutional, legal, and regulatory reforms required to mandate and mainstream a multi-modal transport planning approach.
• Good Practice Infrastructure Projects Activity: This activity aims to support five infrastructure projects, which are intended to demonstrate innovative and strengthened approaches to project preparation, structuring and financing, and procurement and implementation, so that subnational governments endorse and promote Public Investment Management Guidelines principles.
• Public Investment Management Guidelines (PIMG) Activity: This activity will create a public, online suite of Public Investment Management Guidelines for infrastructure, designed to improve the effectiveness and efficiency of public investment.
• Project Preparation and Delivery Facility (PPDF) Activity: This activity will provide project preparation, structuring, procurement, and project delivery support to sub-national governments.

II. The $95 million Financial Markets Development Project (FMDP), which will address the root causes of underdeveloped project financing market and capital markets by building capacity for and mobilizing green finance and other blended finance mechanisms.

• Capacity Building/Technical Assistance Activity: This activity aims to build capacity for institutional change within the financial market ecosystem, including in the areas of green and sub-national finance.
• Transaction Advisory Services Activity: This activity will provide transaction advisory services to originate approximately 10 proof-of-concept demonstration transactions.
• Blended Finance Delivery Mechanism (BFDM) Activity: This activity aims to mobilize commercial financing for sub-projects by providing blended finance grants.

III. The $136 million Access to Finance for Women-owned / Micro-, Small and Medium Enterprises (MSME) Finance Project, which aims to increase lending from formal financial service providers to MSMEs and women-owned MSMEs in the target provinces by gathering and analyzing MSME financial and technical performance data as well as providing technical assistance, digital and financial literacy training, and other demand- driven business development support.

• Gender-inclusive Value Chain Finance Activity: This activity will provide non real property-based collateral financing to qualified W/MSMEs operating within growing sectors in the five target provinces.
• Digital and Financial Literacy Enhancement Activity: This activity will support and enhance the viability of W/MSMEs by providing technical assistance, digital and financial literacy training, and other demand driven business development support to W/MSMEs.
• MSME Capacity Enhancement Activity: This activity will support growth-oriented W/MSMEs that are in an earlier stage of their journey towards formalization and eventually towards formal finance. The activity will provide capacity enhancement training to eligible MSMEs to develop business skills, access markets, and increase sales.
• Augmenting Government Data on MSMEs: This activity will support the Government of Indonesia in gathering and analyzing MSME financial and technical performance MSME data.

 
The FMDP will focus on the national level while the ATLAS and MSME Finance Projects will be implemented at the sub-national level in the North Sulawesi, Riau, Riau Islands, Bali, and South Sumatra provinces.

The Government of Indonesia has established an Implementation Independent Agency, called the Millennium Challenge Account – Indonesia II (MCA-Indonesia II or "MCA"), to act as a designee in supervising and managing the implementation of the five-year MCC Compact Program in Indonesia.

 

To support the MCA-Indonesia II and the implementation of the Indonesia Infrastructure and Finance Compact, the MCA-Indonesia II seeks one (1) motivated and qualified Indonesian candidate for the position of the Deputy Executive Director (DED, Infrastructure Finance.

Position Objective

 

The Deputy Executive Director for Infrastructure Finance will assume a critical role in the success of the MCA-Indonesia II and two Compact Projects related to infrastructure planning and finance: the ATLAS Project and FMDP. The ATLAS Project is focused on developing the institutional structures to improve project preparation while FMDP is focused on improving the availability of finance for infrastructure. The Deputy Executive Director for Infrastructure Finance ("DED for Infrastructure Finance") will oversee the implementation of both ATLAS and FMPD activities to ensure that infrastructure projects are being developed so that they can attract commercially oriented finance, supported by blended finance, as necessary.

Accordingly, a key objective for the DED for Infrastructure Finance will be to ensure that there is coherence between the demand and supply sides of infrastructure finance.
The DED for Infrastructure Finance, reporting to the Executive Director is responsible for MCA- Indonesia II's project functions encompassing the planning, design, and implementation [referred to as Project Implementation] of the ATLAS Project and FMDP. The DED for Infrastructure Finance shall provide thought leadership, strategic direction, operational oversight, routine program management/administration coordination in the compact as appropriate.

The DED for Infrastructure Finance will maintain robust communications and/or interface with both internal and external stakeholders that includes Government of Indonesia as well as the financial markets, donor community, and relevant private sector stakeholders. The DED for Infrastructure Finance shall ensure that all ATLAS Project and FMDP implementation and targets are met according to Compact objectives, agreed workplans, program designs, estimated budgets as well as MCC's ESP, gender integration and monitoring and evaluation requirements.

The DED for Infrastructure Finance ensures the alignment of project execution with the overall objectives of the Compact and the judicious management of its resources, such that all ATLAS and FMDP activities are aligned to the established strategies, frameworks, budgets, and resources defined by the Compact.

 

Tasks and Responsibilities

1. Represent ATLAS and FMDP as integrated components of the MCC Indonesia Compact to project stakeholders (e.g., with national/local government counterparts, civil society, project beneficiaries, etc.) ensuring that collaborative relationships are built and maintained to facilitate the delivery of the program.
2. Plan, prepare, successfully implement, and ensure sustainability of the ATLAS Project and FMDP consistent with the objectives, budget, investment criteria, work plan and other requirements stipulated in the Compact.
3. Recruit, direct, and supervise a team of technical specialists and consultants under ATLAS Project and FMDP that will manage and support the primary activities, including both home office (Jakarta) and, if required, MCA field consultant staff in provincial offices; ensure a cohesive framework for project closing including financing strategy that integrates project details and financing markets and that integrates project technical and cross-cutting areas.
4. Serve as the main MCA representative for the ATLAS Project and FMDP with Government of Indonesia counterparts, civil society, project beneficiaries, community, donors, financial services providers, private sector representatives, service providers, province and district multi-stakeholder forums, and MCA/Jakarta consultant staff, etc.
5. Guide Activity Leads (Leads for Transport Planning Reform, Good Practice Infrastructure Projects, PIMG, and PPDF Activities) and ensure a collaborative environment is established to facilitate cooperation, integration, sharing of information, and shared accountability for the success of ATLAS and FMDP.
6. Provide strategic direction, routine operational oversight, and advice to advance the preparation, development and implementation of the programs including project/program management coordination, quality assurance and overall communications.
7. Evaluate Compact requirements and determine the appropriateness/relevance of project designs and develop strategies and frameworks, allocate budgets and resources, to ensure the MCA's ability to deliver.
8. Coordinate with DED Programs and cross-cutting Leads to ensure team provision 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.
9. Support team provision of inputs and compliance with the MCA, ATLAS and FMDP project-level Social and Gender Integration Plans (SGIP)
10. Oversee the development of project work plans and management plans and ensure compliance with Compact requirements through approval and activity monitoring.
11. Ensure coordination within and among the four ATLAS Project Activities, the three FMDP project activities, as well as linkages to potential shared workspaces that could include one-stop services (OSS) and childcare centers, implemented under the MSME Project; promote learning across Compact provinces and projects; and foster collaborative approaches at the provincial level between MCA-I and other Government of Indonesia and market or donor-funded infrastructure and transport & logistics development initiatives.
12. Oversee the work of ATLAS and FMDP Activity Leads and managerial and technical consultant staff who will provide technical inputs and review of 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. Work with MCA-I and MCC management to finalize implementation framework, procurement documents, awareness campaigns, evaluative studies, and project reports. Coordinate with DED Programs and cross-cutting Leads to ensure that the ATLAS Project and FMDP are implemented in full compliance with MCC and Compact requirements related to environmental and social management and inclusion and gender integration, and in accordance with relevant Government of Indonesia environmental laws and procedures and GoI gender mainstreaming regulation and MCC's Gender Policy.
13. Prepare regular progress reports and serve as the main point of contact on ATLAS- and FMDP related matters to the MCA Chief Executive Officer.
14. Prepare periodic progress reports and serve as the main point of contact on ATLAS and FMDP related matters to the MCC (Washington) Project Leads. Ensure appropriate coordination and interface is maintained between the MCA-I and MCC technical teams.
15. Ensure that provincial- and district-level findings are incorporated into project design and revisions.
16. 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)

• Advanced University Degree in engineering, transport sector planning, infrastructure finance or a related field, with demonstrated experience in fields of relevance to the commercial and financial close of transactions in ATLAS Project and FMDP. Strong experience in policy and institutional reform activities in the infrastructure sector, bank and capital market in structured/project finance, and public-private partnerships. Experience with municipal and climate finance is a plus.
• Fifteen (15) or more years of experience, including at least ten (10) in a management or leadership position of a project or company, of demonstrated experience financing, managing, and implementing infrastructure projects, particularly in transport and/or logistics in an international setting.
• Experience working in the private, commercial sector in a related field (i.e., infrastructure finance).
• Demonstrated ability to manage large and complex contracts and to contribute to the procurement of such contracts.
• 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.
• 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 experience and proven skills in managing a large company or donor program with a multi-million USD budget and staff teams.
• 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.
• Experience working in Indonesia or the region on similar projects is preferred.
• Outstanding organizational skills and the ability to work in large, multi-cultural teams.
• Fluency in Indonesian and excellent written and verbal communication skills in English.
• Ability to travel to relevant project sites as needed.

Please note this is a full-time position for a base period of 12 months with duty station in Jakarta.

 

This recruitment respects diversity, equity and inclusiveness. Highly qualified female candidates are encouraged to apply. 

Attractive and competitive compensation package shall be offered to the selected candidate. Starting monthly fee will be approx. IDR 97,862,678 - 122,328,348 gross, commensurate with experience. Benefits, among others medical insurance; life insurance; saving plan; day-off (leave), will be provided.

How to Apply

Please submit your (1) application letter, which should discuss how you meet the aforementioned position requirements, emphasizing relevant skills and experiences, as well as the reason you are interested in working with MCA-Indonesia II and (2) comprehensive resume as attachments to hr.recruitment@mca-indonesia-2.go.id by 29 February 2024, with subject line DED Infrastructure Finance.

Please name your file as follow: Your Complete Name_Application Letter and Your Complete Name_CV.

Given the volume of applications received, only short-listed candidates will be contacted for an interview.