Financial Analyst For Assessing Local Currency Financing

GGGI supports stakeholders through complementary and integrated workstreams – Green Growth Planning & Implementation and Knowledge Solutions – that deliver comprehensive products designed to assist in developing, financing, and mainstreaming green growth in national economic development plans. GGGI supports the Government of Indonesia in three focal areas: renewable energy, green cities and special economic zones, and forest and land-based mitigation and adaptation projects. The Program, known as the ‘GoI-GGGI Green Growth Program’ (GGP), aims to demonstrate that green investments can become the norm both for investors and planners, ultimately improving the quality of economic development for more environmental sustainability and social inclusion. Through the Program, GGGI collaborates with the Ministry of Development Planning (BAPPENAS), the Coordinating Ministry of Economic Affairs, Ministry of Finance, Ministry of Energy and Mineral Resources, Ministry of Environment and Forestry, PT Sarana Multi Infrastruktur (“PT SMI”) and others.

GGGI is delivering the Supporting Energy Transition Mechanism (SETM) project which aims to enhance access to financing for the Indonesia Energy Transition Mechanism Country Platform (Indonesia ETMCP).  The Indonesia ETMCP was launched in November 2022 during the G-20 as an effort to support the country achieve its climate ambition and Net Zero target. The ETMCP aims to mobilize USD 4.6 Billion to accelerate the retirement of 2 GW coal-fired power plants (CFPP) and replace them with renewable sources.

PT Sarana Multi Infrastruktur (PT SMI), a state-owned enterprise and one of Indonesia’s Direct Access Entities (DAEs) for the Green Climate Fund (GCF), was assigned by the government as the manager of the ETMCP. To capitalize the ETMCP, PT SMI is aiming to mobilize funding from the GCF through the proposed USD 250 Million Climate Finance Facility to Support Energy Transition in Indonesia (“CFF Program”). CFF is a lending facility and technical assistance program to support the expansion of renewable energy projects in frontier, outermost and underdeveloped areas.

In light of this, PT SMI with support from GGGI, has submitted the CFF Concept Note and draft Project Preparation Facility (PPF) application and subsequently, GCF has provided its initial endorsement and feedback. To aid the Funding Proposal development, PT SMI is required to conduct necessary assessment on the Program’s feasibility in parallel with other PPF activities to be implemented.

Expertise Required:

• Masters degree or higher in economics, business administration, finance, or other relevant studies;
• At least 8-15 years of experience in the field of business management consulting/research, or conducting currency risks and financial analysis. Experience in the financing of climate change related projects in developing countries is preferred;
• Extensive knowledge on the landscape of Indonesia’s economic and currency risks. Having knowledge on renewable energy and energy transition in Indonesia and/or other relevant countries is preferred;
• Proven experience and track record in conducting currency risks assessment, project structuring, financial analysis, and relevant activities;
• Demonstrated experience in the design and development of climate change mitigation and adaptation projects, specifically oriented towards obtaining (international) donor funding is preferred;
• Solid English reporting and writing abilities;
• Demonstrated strong interpersonal and motivational skills and sensitivity to the local environment as well as the ability to work with minimal supervision.
• S/he must meet the minimum qualification listed below. Consideration and selection will be based on a panel evaluation of the evaluation criteria factor below. Please note that only shortlisted/finalist applicants will be interviewed or contacted. GGGI does not pay for any expenses associated with the interviews unless expenses are pre-authorized. Reference check will be conducted on those candidates selected for an interview. The applicant’s references must be able to provide substantive information about his/her past performance and abilities.

Source:  https://careers.gggi.org/vacancy/indonesia-financial-analyst-for-assessing-local-currency-financing-571063.html