The Global Fund aims to accelerate the end of AIDS, tuberculosis (TB) and malaria as epidemics. We invest more than US$4 billion a year to support programs run by local experts in countries and communities most in need. Since 2020, through the COVID-19 Response Mechanism (C19RM), additional funding has been made available to support countries to mitigate the impact of COVID-19. As part of our mandate to fight the three diseases and increase access to quality-assured health products and services at affordable and sustainable prices, the Global Fund plays a leading role in global markets for medicines and technologies that prevent, diagnose, and treat HIV, Tuberculosis and Malaria. Every year, more than half of the Global Fund’s investments is used to procure key health products, ensuring they are available to those who need them most. The Global Fund’s Supply Operations Department, in collaboration across the Global Fund Secretariat, is responsible for the overall management of sourcing, procurement, quality assurance and supply chain-related matters, including strategy formulation and implementation, development of policy guidelines and ensuring compliance, driving innovation, sustainability and new product introductions, and importantly supporting country capacity building, contributing to more resilient and agile national health care supply chains. To implement the Global Fund’s 2023-2028 Strategy, Supply Operations has introduced a new operating model, aiming to achieve accelerated value contributions to the communities and people we serve more effectively and efficiently. In addition, a NextGen Market Shaping approach has been developed to drive equitable access to quality assured health products, which includes accelerating health product introductions at scale as a key strategic intervention, accompanied by regional and national capacity building interventions. Accelerating health product introductions at scale requires addressing upstream, mid-stream and downstream barriers along the end-to-end value chain. Mid-stream market challenges, including financial challenges, continue to be a barrier to progress. Many of these challenges are interdependent and mutually reinforcing, including high cost and lack of economies of scale at new product introduction, fixed budgets and grant cycles, delays in country demand, decision making and regulatory approval and countries’ delays in funds transfer when procuring health products with domestic funds. Supply Operations, in coordination with other Departments and Divisions, plans to develop and deploy innovative financial solutions to address these barriers and help deliver the NextGen Market Shaping approach and Global Fund’s 2023 – 2028 Strategy. The first of these will be a Revolving Facility to use risk-financing to accelerate the introduction and scaling of priority health products. The Revolving Facility will support market shaping efforts across the three diseases and is designed to be risk-absorbing, but not expended, to accelerate health product availability, increase affordability and potentially achieve other programmatic objectives to drive equitable access to quality assured health products. The Global Fund is exploring other opportunities to use innovative financing mechanisms to support the delivery of the NextGen Market Shaping approach, including pre-financing solutions to support non-grant financed purchases and interventions to support and capture climate adaptation and mitigation efforts across the supply chain. Under the supervision of the Senior Manager, Strategy, Procedure and Innovation, the Senior Specialist, Supply Chain Financing will be responsible/accountable for identifying, developing and implementing innovative finance solutions for Global Fund’s supply operations and for delivering the NextGen approach. This will include management and deployment of the Revolving Facility working closely with Supply Operations colleagues, the Finance Division, the Technical Advice and Partnership Department and the Grant Management Division to ensure success.
- Work with Supply Operations colleagues to identify potential innovative finance solutions across the supply chain to drive sustainable equitable access to quality-assured health products;
- Develop the business case for prioritized innovative finance solutions and approaches and pitch to internal and external partners to secure buy-in and approvals;
- Set and drive the implementation of the strategic vision of innovative finance solutions, including for the Revolving Facility;
- Coordinate engagement across divisions, departments, and functions, including Risk, Legal, Finance, Technical Advice and Partnership Department and the Grant Management Division, to ensure alignment and efficient execution of innovative financing solutions;
- Manage the portfolio of innovative finance solutions, including building and delivering well-established risk management, monitoring and reporting processes, including for the Revolving Facility;
- In close coordination with the External Relations and Communications Department, drive day-to-day resource mobilization engagement with donors and other financing partners for innovative finance solutions;
Specifically, for the Revolving Facility:
- Lead close collaboration with Global Fund Secretariat colleagues to originate and structure new transactions across the different modalities of the Revolving Facility;
- Drive, monitor and consolidate the forecasting of demand and transaction pipeline for various financing activities to be supported by the Revolving Facility;
- Coordinate and lead the underwriting process, ensuring that the process is duly followed, and financing capital risk management is followed;
- Coordinate the financial management of the Revolving Facility capital base, including with the objective of helping improve operational timeliness to support positive programmatic impact;
- Lead recovery efforts and strategy for executed transactions;
- Oversee and monitor capital base utilization to optimize use for financing, including in-depth forecasting; and
- Provide technical advice, guidance and drive the design of processes to ensure Revolving Facility financing activities are fully compliant with relevant Global Fund policies and applicable Guarantor or Donor agreements.
Subject to change by the Executive Director at any time at their sole discretion.
- Advanced university degree (Master’s Degree) in Finance, Economics, Business Administration or other related field.
- Qualification in a health, especially public health-related, discipline.
- Extensive in-depth experience in managing and/or operating complex and large financing initiatives or tools, such as (for example) loan facilities, revolving funds, credit facilities and/or other innovative or alternative financing instruments, ideally in the development or public health context.
- Experience originating, executing and monitoring risk or financial transactions, including volume guarantees, advanced purchase commitments, long-term purchase agreements, and/or other innovative or alternative financial instruments, ideally in a health context.
- Experience developing multi-country demand forecasts and making assumptions in highly uncertain contexts.
- Strong experience in health supply chain financing, including negotiation and deal making for medicines and/or medical technologies, especially within the development context.
- Demonstrated experience in leading cross-disciplinary projects.
- Strong evidence of successfully leading projects which highlight project management skills and capabilities, including planning, co-ordinating and managing multiple activities
- At least 10 years of in-depth experience in managing and/or operating complex and large financing initiatives or tools, such as (for example) loan facilities, revolving funds, credit facilities and/or other innovative or alternative financing instruments, ideally in the development or public health context
- Knowledge of the Global Fund business model
- Experience or Exposure to Global Fund policies and processes
- Experience in public health and market shaping for health products.
Languages: An excellent knowledge of English and preferably a good working knowledge of French. Knowledge of other languages would be an asset.
- Global Fund awareness and mind-set – Level 2
- Service orientation – Level 3
- Drive for results – Level 2
- Collaboration – Level 2
- Interaction – Level 3
- Adaptability – Level 2
- Procurement & Supply Chain – Level 3
- Finance – Level 3
- Risk – Level 1
- Project Management – Level 3
- Business – Level 3
- Resource Mobilization – Level 2
- Operational Policy – Level 1
- Analytical – Level 3
- Communication – Level 2
- Disease Knowledge – Level 1
- Knowledge of the Global Fund business model
- High degree of personal initiative and the ability to develop this in others
- Strong experience demonstrating business focus, results-orientated with an excellent understanding of how to influence stakeholders to ensure effective & impactful investment/financing initiatives backed by the Revolving Facility and use of resources for greater impact.
The Global Fund recruits top-tier talent for our open positions, in support of our mission to end AIDS, tuberculosis and malaria as epidemics.
Explore our vacancies and apply on the Global Fund Careers recruitment system.
More information on working at the Global Fund is available on the Careers section of our main website.
Job Posting End Date
09 July 2023