Oxfam is a global movement of people working together to end the injustice of poverty.

Together we save, protect and rebuild lives. And we won’t stop until every person on the planet can defeat poverty or any type of inequality or discrimination.

We are an international confederation of 19 organizations (affiliates) working together with partners and local communities in the areas of humanitarian, development, and campaigning, in more than 90 countries.

All our work is led by three core values: Empowerment, Accountability, Inclusiveness. To read more about our values please click here.

 I.              PURPOSE OF THE CONSULTANCY

The overarching objective of this consultancy is to design, develop, and deliver a robust, dynamic, and transparent financial model that empowers Oxfam to strategically plan, analyse, and communicate the structure and impact of their proposed 10-year investment fund.

II.              BACKGROUND AND CONTEXT

Oxfam’s Impact SME (I-SME) is in the process of designing a new multi-country SDG-aligned impact investment fund, building on an existing blended-finance structure previously developed for another vehicle. The new fund will expand the scope of the existing structure by:

• Extending the fund tenor to 10 years
• Expanding sector coverage to include all SDG-aligned sectors (SDGs 1–17)
• Operating across multiple countries: Bangladesh, Cambodia, Indonesia
• Allowing for flexible capital structuring, including catalytic, junior, and senior capital layers

The financial model will be used to support fund structuring decisions, investor discussions, and donor engagement, and must clearly demonstrate the fund’s financial viability, scalability, and impact-aligned capital deployment logic.

III.              SCOPE OF WORK

The consultant will be responsible for following tasks:

1.  
2.  
3.  
   1. Fund Structure & Assumptions

• Extend the fund tenor to 10 years, including:
• Investment period
• Portfolio management period
• Exit and wind-down assumptions
• Define and document core financial assumptions, including:
• Target fund size(s)
• Average ticket sizes
• Portfolio construction logic
• Management fees and operating costs
• Return expectations by instrument type (debt, equity, quasi-equity)

3.2 Country & Sector Allocation Modeling

The model must allow flexible allocation across: Bangladesh, Cambodia and Indonesia

• SDG-aligned sectors corresponding to SDGs 1–17, such as:
• Agriculture & food systems
• WASH
• Clean energy & climate solutions
• Circular economy
• MSME & inclusive finance
• Health, education, and livelihoods

The consultant will ensure the model allows adjustable country and sector weighting without breaking core calculations.

3.3 Capital Stack & Scenario Analysis

The consultant will design the model to test multiple scenarios, including:

• Different capital stack configurations:
• Catalytic / first-loss capital
• Junior capital
• Senior/commercial capital
• Sensitivity to:
• Changes in fund size
• Country risk assumptions
• Sector return profiles
• Exit timing and recovery rates

The model should clearly show:

• Gross and net IRR by tranche
• Cash flows by investor type
• Downside and upside cases

3.4 Outputs & Usability

The model must be:

• Built in Excel
• Clearly structured and well-annotated
• Easy to adjust by non-technical users
• Suitable for:
• Internal strategy discussions
• Investor pitch decks
• Donor and partner engagement

    IV.            KEY DELIVERABLES

The consultant will be expected to deliver the following within 5 working days:

1. Excel Financial Model
• 10-year fund model
• Multi-country and multi-sector functionality
• Capital stack and scenario analysis
2. Assumptions & Methodology Note (embedded or separate)
• Key financial assumptions
• Logic behind portfolio construction and returns
3. Scenario Summary
• At least 2–3 scenarios (base, conservative, upside)
• Clear explanation of implications for investors and fund managers

      V.            Timeline & PAYMENT SCHEDULE:

    VI.            PROFILE REQUIREMENTS

The ideal consultant shall possess the following qualifications and experiences as below:

1. Experience and Technical Skills:

• Proven experience in fund-level financial modeling, preferably in:
  • Impact investing
  • Blended finance
  • Development or climate finance
• Strong understanding of:
  • Multi-country portfolio construction
  • Debt and equity instruments
  • Investor return modeling
• Advanced Excel modeling skills
• Ability to deliver high-quality output under short timelines

2. Additional Assets:

• Experience working with development finance institutions, donors, or impact investors is a strong advantage.
• Experience working with NGOs, donors, or multi-stakeholder platforms
• Ability to translate technical findings into accessible, audience-friendly content

  VII.            APPLICATION PROCESS

To be shortlisted for evaluation against award criteria, the following documents must be included in the application:

Follow the link for a full TOR: https://oxfam.box.com/s/6f5cjw31ru80mibo3fcnc34k1u4xwf0j

We are committed to ensuring diversity and gender equality within our organization. Therefore, people of all gender identities, sexes, sexual orientations, races, colors, religions, cultures, abilities, etc. are eligible for this position.

Oxfam aims to attract great talent that not only fits the job but also Oxfam’s high standard of values and principles, who shares and demonstrates Oxfam’s commitment to prevent and eradicate any type of misconduct including sexual harassment, exploitation and abuse, any other type of misuse of power or lack of integrity and financial misconduct. We are committed to promoting the welfare of children, young people, and adults. We place a high priority on ensuring that only those who share and demonstrate our values are recruited to work for us.

Note: All offers of employment will be subject to satisfactory references and may be subject to appropriate screening checks, which can include criminal records and terrorism finance checks, or integrity screenings/references relating to misconduct and disciplinary actions in prior employment.