Junior Project  Manager (Innovation)

The Common Fund for Commodities (CFC) is an UN affiliated International financial institution, with 101 member states, working as an impact investment fund for commodity dependent developing countries.  With its headquarters in Amsterdam, since 1989, the CFC have been instrumental in bringing over a billion US dollars’ worth of investments for SMEs and smallholder farmers in the developing world.

The CFC now intends to recruit a “Junior Project Manager (Innovation)” (JPM), based in its Amsterdam office, to support the work of the Operations Unit.  The JPM is responsible for implementation of projects aimed at the alleviation of poverty as well as supporting the process of innovation and change management in the CFC.  The JPM, besides being the person originating new ideas, will also be responsible for collaborating with other Project Managers/colleagues to identify and select innovative ideas generated by other colleagues.

This is an important strategic position especially in an impact fund like the CFC that has significant technology components in addition to the traditional green improvisation of the value chain at the grassroots level.  The goal is to inject innovative ideas while implementing projects with the aim to bring higher productivity without harming the planet.

The ideal applicant would bring a deep sense of empathy for the poverty-stricken people in commodity dependent developing countries as well as a proven track record of working for their upliftment in the set-up of impact funds.  Applicants with prior experience in the development sector and those with an interest in green recovery, circular economy, digitalisation and food fortification are encouraged to apply.  This position offers ample opportunities to network with other UN affiliated development organizations, International Commodity Bodies as well as other international organizations.

The CFC pays an attractive tax-free salary in line with United Nations salary scales.  This position is being offered as a 2-year fixed term contract at the P1 grade.  Remuneration is dependent on the qualifications and experience of the incumbent in the field of finance.

Duties, Responsibilities and Accountabilities

The focus of this position is on the innovative implementation of projects approved by the decision-making bodies of the CFC.  The duties mainly focus on the implementation of financial interventions for the private sector and mainstreaming innovations in the value chain to increase  productivity efficiency leading to improvements in the  income and welfare of the smallholder farmers and SMEs. The Junior Project Manager (Innovation) will support the Operations Unit of the CFC and her/his specific responsibilities include, but are not limited to:

  • Implementation of debt, equity and fund-based projects for commodity-oriented investments by the CFC.
  • Analyze projects with a special view on their innovativeness to bring productivity gains along the value chain.
  • Operational and financial analysis of project proposals submitted.
  • Support in desktop and onsite due diligence of projects for detailed analysis.
  • Elaborate the risk analysis of projects according to CFC calculation system and defined risk classification.
  • Support the negotiation of conditions such as interest rate, reporting requirements, covenants and securing structures for projects with the project initiators and sponsors.
  • Analyze and evaluate reports submitted by projects financed by the CFC; identify gaps and initiate appropriate action.
  • Support Risk and Portfolio Manager in her/his reporting duties.
  • Be a part of CFC’s promotional endeavour for impact funds as well as mapping the impacts through innovative means to make those impacts visible and inspiring for others.
  • Support in maintaining good working relations with organizations important for the operations of the Fund (International Commodity Bodies, Regional Economic Commissions, multilateral (UN or other) organizations, NGO’s, private sector representative organizations, etc.), wherever project structures require the same.
  • Any other duties which may be assigned by the Chief Operations Officer or the Managing Director of the Common Fund.

Furthermore the applicant should show knowledge of, or willingness to rapidly acquaint with, the following specific fields:

  • Tendering procedures, evaluation and contracting.
  • Implementation of projects to the private, partially public sector directed to the agricultural commodity-based value chain in developing countries, based on concessional financing.
  • Work towards implementation of the Commodity Impact Investment Facility (CIIF), when approved.
Selection Criteria
  • Advanced University degree (Master’s level or higher) in Economics, Forestry, Sustainable Development, Precision Agriculture, Business Administration, Finance or related fields.
  • Experience (at least 2 years) of working in a financial and or development environment, ideally in an impact fund, at least in a commercial / development bank, a development investment fund or a development organization.
  • Experience in assessing technological and operational innovation.
  • Ability to inject new ideas and technologies, in a consensus environment, along the value chain or production process to provide improvements to the income and welfare of stakeholders without compromising the environment.
  • Knowledge and experience of financial matters associated with the implementation of loan and equity-oriented agriculture / SME projects.
  • Experience with the implementation of loan and collateral structures, with a background in the management of financial risk.
  • Proven ability of appraisal of financial interventions directed towards loan financed development projects.
  • Knowledge of and interest in project impacts linked to climate, green recovery, and circulatory matters.
  • Experience in planning and reporting on projects. The CFC desires that all members are qualified to make impact visible with their interpersonal, communication and presentation skills.
  • Experience in working in a multicultural / international environment as a member of a diverse team.
  • Strong team player with excellent client service orientation and openness to feedback and new ideas, contributes to a good working environment.
  • Experience and proven ability in the use of databases, spreadsheet programs and word processing.
  • Excellent command of written and spoken English. Working knowledge of French or Spanish is preferred.
  • Willingness to travel when required.
  • Ability to work remotely, if needed.
  • It is important to note that the CFC can only employ nationals from its Member States. For a full list of Member States please refer to the “About us” section of the CFC website
To Apply

Applicants should complete this short form and send a brief cover letter and concise curriculum vitae, in English, to recruitment@common-fund.org.

The closing date for applications is 18:00hrs (CET) on Friday, 14 May 2021.

Only shortlisted candidates shall be contacted, applications received after the deadline noted above shall not be considered for this role.

CFC deserves the right to cancel this call for application at any time without showing any reason.

For more information please click on the link (Terms of Reference) below.

TERMS OF REFERENCE