Finance Consultant

Job Posting Organization:
The International Organization for Migration (IOM) was established in 1951 and is a Related Organization of the United Nations. It is the leading UN agency in the field of migration, working closely with governmental, intergovernmental, and non-governmental partners. IOM's mission is to promote humane and orderly migration for the benefit of all, saving lives and protecting people on the move. The organization operates globally, with a commitment to fostering a respectful, inclusive, and supportive workplace where all employees can thrive professionally. IOM aims to harness the full potential of migration and strengthen its support to people on the move, inviting candidates from diverse backgrounds to apply and providing reasonable accommodation throughout the recruitment process when required.

Job Overview:
The Finance Consultant position is part of IOM's Diaspora Engagement Unit, focusing on the Diaspora Guarantee Facility (DGF) for Safe Shelters. This innovative financing mechanism leverages diaspora contributions to enable Microfinance Institutions (MFIs) to provide affordable loans for resilient housing and shelter improvements in disaster-prone communities. The consultant will conduct a comprehensive feasibility study to assess the model's financial sustainability, operational requirements, governance structure, legal and regulatory considerations, market demand, and scalability. The role requires a mixed-methods approach, including desk reviews, stakeholder consultations, and analysis" style="border-bottom: 1px dotted #007bff !important;">financial analysis, to develop a roadmap for the next 3-5 years, ensuring the model's successful replication in new contexts.

Duties and Responsibilities:
The consultant will perform a variety of tasks, including: A. Review and Analysis of Existing Model: Reviewing project documentation, analyzing loan performance, assessing default risk management practices, and evaluating the impact on housing resilience and financial inclusion. B. Market Assessment: Assessing demand for resilient shelter financing, identifying barriers faced by households, and analyzing the role of financial institutions. C. Financial Feasibility Assessment: Reviewing the current guarantee structure, assessing financial models, and evaluating opportunities for blended finance. D. Legal and Regulatory Assessment: Reviewing legal requirements affecting guarantee funds and compliance regulations. E. Institutional and Operational Feasibility: Evaluating roles of stakeholders and recommending governance structures. F. Scalability and Replication Assessment: Assessing the model's suitability for new contexts and identifying key success factors. G. Recommendations and Roadmap: Developing a practical roadmap and finalizing a feasibility study with governance and financial architecture recommendations.

Required Qualifications:
Candidates must possess an advanced degree in finance, economics, development studies, public policy, housing finance, humanitarian action, or a related field. Experience working with IOM is strongly preferred. Alternatively, a university degree in the above fields with at least 7 years of relevant professional experience is acceptable. Demonstrated expertise in blended finance, guarantee funds, microfinance, and financial inclusion is essential, along with knowledge of diaspora engagement and remittance ecosystems being highly desirable.

Educational Background:
An advanced degree in finance, economics, development studies, public policy, housing finance, humanitarian action, or a related field is required. A university degree in these fields combined with significant professional experience may also be considered.

Experience:
The position requires demonstrated expertise in areas such as blended finance, guarantee funds, risk-sharing mechanisms, microfinance, and financial inclusion. Candidates should have experience in development finance, humanitarian or resilience financing, and conducting feasibility studies and business case development. Previous work experience with migration and development issues would be an advantage.

Languages:
Proficiency in English is required for this consultancy. The selection process may include evaluations of language proficiency through written and/or oral assessments.

Additional Notes:
The contract type is consultancy with an initial duration of 3-5 months. The position is full-time, and IOM covers consultants against occupational accidents and illnesses under the Compensation Plan. However, consultants are responsible for their own medical insurance for non-occupational accidents or illnesses. The appointment is subject to funding confirmation and medical fitness certification. IOM has a zero-tolerance policy on conduct incompatible with the aims of the United Nations and IOM, including discrimination and harassment. IOM does not charge any fees during the recruitment process and only accepts applications through its e-Recruitment system.