Operations Officer / Grant Controller

IFC-a sister organization of the World Bank and member of the World Bank Group - is the largest global development institution focused on the private sector in emerging markets. We work with more than 2,000 businesses worldwide, using our capital, expertise, and influence to create markets and opportunities in the toughest areas of the world. In fiscal year 2018, we delivered more than $23 billion in long-term financing for developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity. For more information, visit www.ifc.org

The Project:

The Government of Ukraine has established the Energy Efficiency Fund (EEF) to support energy efficient (EE) modernization of Ukraine's residential housing stock. The EEF will be funded by the Government of Ukraine and will provide grants to homeowners of multi-family buildings to perform EE retrofits in their buildings. To support the Government of Ukraine, the European Union and the Federal Republic of Germany have contributed EUR 100 million into an IFC-managed multi-donor trust fund (MDTF) to provide grant assistance to HOAs to co-finance the implementation of energy efficiency measures in multi-family buildings.

To support the EEF, IFC has launched a comprehensive advisory services project (the Project) that aims to support the EEF, manage donors' contributions and create a market environment conducive for facilitating energy efficient renovation of multi-family buildings in Ukraine. The Project aims to support the EEF in disbursing grants to approximately 5,900 homeowners' associations (HOAs) to co-finance energy efficient renovation in their multi-family buildings facilitating total investment of about $235 million.

The Project is funded by the European Union and will be focused on the following:

• Supporting the setup and operations of EEF, the innovative instrument for energy efficiency improvements in the residential sector in Ukraine.
• Raising awareness of house-owner associations (HOAs) about benefits of energy efficiency improvements of their buildings and how EEF can help, as well as assisting HOAs to prepare applications for partial grants.
• Working through its network of regional advisors with around 6,000 HOAs to support them with the grant application process.
• Partnering with financial institutions to help them design residential energy efficiency loan products for HOAs, as well as services that aligned to EEF's grant approval and disbursement process.
• Managing the multi-donor trust fund setup to provide grants to HOAs alongside EEF.

Purpose of Assignment:

One of the mandates of IFC is to manage EUR100 million donor trust fund (MDTF) which is expected to be disbursed to around 6,000 recipients by 2023. The Operations Officer will perform the function of a grant controller and will be responsible for (a) compliance of grant applications with the Grant Policy; (b) validation of the grant amounts before disbursements; (c) monitoring the application approval and grant disbursement processes between EEF, MDTF, banks and HOAs; (d) supporting internal controls and providing periodic reporting. (e) perform other activities as requested by the Program Manager.

Role & Responsibilities:

The roles and responsibilities may include but will not be limited to:

1. review grant applications, in particular, financial/grant element, for compliance with MDTF Grant Policy requirements;
2. draft grant application approval or rejection memos, as well as letters to banks for management approval and signing;
3. check accuracy of grant amounts for management approval and following disbursement;
4. conduct ongoing monitoring of grants' disbursement process;
5. design, implement and maintain a database of grant recipients and grant disbursements for internal and donor reporting;
6. produce monthly/quarterly and annual reports and statistics to IFC; participate in preparation of semiannual donor reports.
7. cooperate with IFC legal/Trust Funds/finance and accounting staff and the Project team to formalize/document the internal grant control mechanism, as may be required;
8. support the Program Manager with the budget updates (both for the TA Project and the MDTF);
9. supervise junior analysts hired to support the MDTF operation;
10. support the Program manager with other finance related matters, as may be required.

NOTE: The processes and procedures will be built around/based on the WBG's existing trust funds and grant approval and disbursement processes and procedures.

Selection Criteria

• University degree in finance, business administration and /or other related field; MBA or MS Finance preferred;
• At least 5 years of experience as an operations officer/project manager or similar in Ukraine or overseas.
• Experience in business administration, financial modeling and budgeting;
• Strong communication and presentation skills;
• Excellent interpersonal skills;
• Excellent English speaking and writing skills. Native Ukrainian and Russian speaking and writing skills.

The World Bank Group values diversity and encourages all qualified candidates who are nationals of World Bank Group member countries to apply, regardless of gender, gender identity, religion, race, ethnicity, sexual orientation, or disability. Sub-Saharan African nationals, Caribbean nationals, and female candidates are strongly encouraged to apply.

To apply for this position please use the following link:

https://worldbankgroup.csod.com/ats/careersite/JobDetails.aspx?id=3823&site=1

or apply on the current website.