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PROJECT DIRECTOR: RESTORATION INSURANCE SERVICE COMPANY (RISCO)

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Conservation International Philippines Foundation Inc.


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Published 16 days ago

March 1, 2021
February 19, 2021

PROJECT DIRECTOR: RESTORATION INSURANCE SERVICE COMPANY (RISCO) 

 

  Project & Position Location   : Philippines/Quezon City, Philippines* 

Application Deadline   : 19 February 2021

Type of Contract   : Fixed Term, Full Time 

Expected Start Date    : 01 March 2021    

*Open to International Applicants

 

Position Description  Conservation International Foundation (CI) is the proponent of RISCO, a first-of-its-kind sustainable business model for investing in mangrove conservation and restoration, generating revenue from insurance companies that pay to lessen their risk exposure, and from the sale of blue carbon credits. Specifically, RISCO aims to capture the economic value of threatened mangroves upfront (before they are destroyed) through two revenue streams: (1) insurance-related payments for the modelled flood risk reduction benefits of mangroves and (2) blue carbon payments for the validated climate mitigation value of mangroves.  More information about the instrument can be found here: https://www.climatefinancelab.org/project/coastal-risk-reduction/ 

 

CI aims to develop RISCO pilot projects in two to three different sites over a nineteen-month period. Three key phases until anticipated financial closure of the pilot projects will consist of (1) site selection, (2) business case development, including ROI analysis, and (3) pilot structuring / negotiation of transactions.

 

The RISCO Project Director will be a senior position based at CI’s office in Manila, Philippines. The Project Director will work with (1) a Development and Advisory Team which will be responsible for RISCO’s overall success and whose members are mostly located at CI’s headquarters in the United States and (2) a Pilot Delivery Team which will be responsible for delivering the pilots in the Philippines and other countries and whose members are mostly located in the Philippines.

 

Responsibilities

• Lead finalizing pilot selection criteria and selection of pilot projects.

• Lead the development of 2-3 RISCO pilots (1-3 in the Philippines, 1-2 possibly in Vietnam or Indonesia). By the end of the project, each pilot should have a business case showing it to be financially viable, and agreements with debt and equity investors.

• Lead partnership development with the insurance industry, coastal asset owners, and investors.

• Establish modalities for RISCO’s insurance revenue stream, working with the insurance industry and insurance modelers as needed and setting up appropriate monitoring systems.

• Visit sites and engage with local stakeholders, supporting local CI teams and external partners to create a mangrove conservation and restoration plan for each site, establish conservation agreements with communities and model associated project costs.

• Oversee the completion of blue carbon feasibility assessments for each pilot.

• Lead transaction structuring arrangements and pay-for-success contract negotiations with insurance companies and blue carbon credit purchasers.

• Oversee day-to-day RISCO administration and operations (finance, donor reporting, etc.).

• Represent RISCO at workshops and meetings, from local site visits to international conferences.


Working Conditions

The Project Director will be expected to coordinate and participate in regular phone calls with the RISCO Development and Advisory Team, based in the US. The position will require travel about 20% of the time – mostly within the Philippines but with some international trips. We are following COVID-19 protocols and work with be conducted partially or entirely remotely when necessary, returning to a typical office environment when feasible.

 

Qualifications

Required

• Minimum 10 years of experience in finance, insurance, natural resource management, or other relevant sectors, with at least 5 years’ experience in project management.

• Proven leadership in the administration of complex projects with skills in strategic planning, management, supervision, and budgeting.

• Proven ability to lead multidisciplinary teams.

• Excellent skills in intercultural communication and proven experience in facilitating dialogue among diverse project stakeholder such as communities, conservation groups, government, and the private sector.

• Track record in negotiating contracts.

• Fluency in English and Filipino.

 

Preferred

• Advanced degree in Business (MBA), Economics, Natural Resource Management, or other relevant fields.

• Knowledge of conservation issues in Asia-Pacific, and in the Philippines in particular.

• Knowledge of insurance industry, in particular innovative insurance mechanisms. 

• Knowledge of climate finance and policy issues, including carbon markets, and in particular blue (coastal) carbon.

• Insurance modelling, geospatial analysis, and site design/ conservation planning skills. 

• Experience in blended finance transactions.

 

To apply for this position please send letter of intent with your resumé to: cipfi_hr@conservation.org on or before 19 February 2021.  

Conservation International Foundation is an Equal Opportunity Employer. All areas of employment including recruitment, advertising, hiring, promotion, demotion, lateral reassignment, transfer, layoff, discharge, rates of pay or other compensation, training, or any other benefits will be based on merit and qualification.  We do not discriminate on the  basis of sex (including pregnancy and childbirth), race, ethnicity, color, religion, national origin, age, disability, marital status, personal appearance, sexual orientation, gender identity, family responsibilities, political affiliation, citizenship status, ancestry, certain medical conditions, or matriculation.

PROJECT DIRECTOR: RESTORATION INSURANCE SERVICE COMPANY (RISCO) 

 

  Project & Position Location   : Philippines/Quezon City, Philippines* 

Application Deadline   : 19 February 2021

Type of Contract   : Fixed Term, Full Time 

Expected Start Date    : 01…

Details at a glance

  • Full Time Schedule
  • Contract
  • Master's Degree Required
  • Executive

Location

Remote
Work may be performed anywhere in Philippines
Associated Location
1270 East Rodriguez Sr. Avenue, Quezon City, NCR, PH

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