Fund advisor | Resilient Waters | Southern Africa | 2019

Chemonics seeks a fund advisor for USAID’s Resilient Waters program. The fund advisor will provide technical guidance and financial and operational recommendations to the Permanent Okavango River Basin Commission (OKACOM) during the Cuvango-Okavango River Basin (CORB) Fund’s establishment and startup phase. The CORB Fund will be a sustainable, transparent financing mechanism that promotes accountability and enables OKACOM to directly tackle the main threats to the CORB ecosystem. The fund will support the use of sustainable resources and activities to improve livelihoods, thereby ensuring ecosystem integrity and the delivery of ecosystems services to future generations. This consultancy’s estimated length is 150 days. We are looking for individuals who have a passion for making a difference in the lives of people around the world.

Responsibilities include:

  • Review laws and regulations relevant to the fund; highlight key issues that should be considered in the fund’s design, establishment, and long-term implementation
  • Review the existing governance documents, financial needs assessment, and business case documents to identify materials that require updates and areas that require improvement
  • With Resilient Waters’ conservation finance specialist, plan and implement technical bench-marking exercises to learn from comparable conservation finance mechanisms elsewhere in the region; capture relevant lessons learned from bench-marking exercises, including on governance and legal structure, capital resources and revenue streams, and investment strategies
  • Collaborate with other international cooperating partners to plan and implement bench-marking exercises and capture lessons learned that will inform the fund’s operationalization process
  • Develop an action plan to fully staff and operationalize the fund, support OKACOM in recruiting the fund executive officer, and implement the plan
  • Coordinate decision-making and support from international cooperating partners to implement the action plan and ensure international cooperating partner resources are efficiently used
  • Review the proposed legal, institutional, and governance arrangements for the fund’s establishment to ensure that it is transparently and efficiently implemented; facilitate the review of the company constitution beyond the registration phase to ensure that any relevant issues that member states and partners raise are adequately addressed
  • Enhance the capacity of OKACOM and endowment fund staff to regulate and manage endowment funds
  • Update operational templates, including the Fund Governance Manual, Financial Management Manual, and Monitoring and Evaluation Manual; develop other manuals as needed to facilitate optimal management arrangements
  • Develop and refine governance policies and procedures for the fund to ensure alignment with opportunities and challenges, including a governance manual detailing relevant policies and procedures; a risk mitigation framework; and disclosure, filing, and reporting requirements and mechanisms for external monitoring and evaluation
  • Update the Grant Selection and Procurement Manual in consultation with the Resilient Waters grants program
  • Ensure the fund’s design targets beneficiary groups and includes gender considerations to ensure the optimal involvement of women, youth, and other vulnerable groups
  • Develop terms of reference to facilitate the establishment of an offshore domiciliary, including for a legal and tax study, the development of the discretionary investment mandate for the endowment capital, an investment manager to exercise the investment mandate, and a legal and financial study of the charitable conduits through which international investment can flow to the offshore account
  • Conduct research and analysis to link current donor-funded investments and projects within the CORB to the fund as “proofs of concept,” demonstrating returns on investment
  • Review and update the fund’s financial needs for the coming five years, including the minimum investment required to sustain annual funding; develop and clearly present assumptions, including rate-of-return on investment, the capital preservation strategy, and the financing amount required
  • Identify opportunities to engage global organizations involved in conservation finance, including the Conservation Finance Alliance, to raise public awareness and establish collaborations with additional partners that will strengthen the fund’s sustainability
  • Contribute to donor activities around the development of a fundraising strategy, assist with identifying potential sources of financing, and inform fundraising and resource mobilization strategies


  • Advanced degree in international finance, business administration, or a similar field
  • Minimum of 10 years of demonstrable experience in sustainable finance, particularly in the design and implementation of long-term environment sector financing mechanisms, such as conservation funds; experience in southern Africa preferred
  • Experience in financial planning and modeling for international funds of a similar scale
  • Knowledge of the legal requirements for establishing financial instruments
  • High-level planning, organization, and time-management skills; flexibility; attention to detail; and the ability to work under pressure to meet challenging deadlines
  • Demonstrated analytical and problem-solving skills, including the ability to advise senior management on making difficult decisions and develop a common vision with diverse partners
  • Ability to communicate clearly and concisely in writing
  • Ability to establish strong collaborative relationships with senior government officials, donors, and civil society
  • Experience working with development partners preferred
  • Ability to travel regularly within southern Africa and to Botswana
  • Demonstrated leadership, versatility, and integrity
  • Fluency in English required; understanding of Portuguese preferred

Application instructions:

Please apply through by May 24. We will review applications on a rolling basis. No telephone inquiries, please. Finalists will be contacted.

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