Consultant (Portfolio Management), Education Outcomes Fund (EOF), Hosted Fund, 12 Months, REMOTE, Req:572275

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UNICEF works in some of the world’s toughest places, to reach the world’s most disadvantaged children. To save their lives. To defend their rights. To help them fulfill their potential. 

Across 190 countries and territories, we work for every child, everywhere, every day, to build a better world for everyone. 

And we never give up. 

For every child, EDUCATION 

There are few greater challenges faced by the global community than the twin crises of learning poverty and youth unemployment. In response, the Education Commission (chaired by Gordon Brown, former UK Prime Minister and UN Special Envoy for Global Education) and the Global Steering Group for Impact Investment (chaired by Sir Ronald Cohen) came together with our founding CEO (Her Excellency Dr.) Amel Karboul to create EOF. We aim to improve the education and employment outcomes of 10 million children and youth, by supporting governments to utilize a range of innovative finance instruments at scale, including outcomes funds and other results-based financing (RBF) instruments.

EOF is backed by a range of world leaders who support us to shape our approach and achieve our ambitious aims, as well as leaders in education and impact investing:

Consultant (Portfolio Management), Education Outcomes Fund (EOF), Hosted Fund, 12 Months, REMOTE, Req:572275 1

Consultant (Portfolio Management), Education Outcomes Fund (EOF), Hosted Fund, 12 Months, REMOTE, Req:572275 2EOF supports improvements in the quality of education and skills programs, with a special focus on girls and underserved populations, including those in the hardest to reach rural areas. It measures (and pays for) what matters – both core skills like literacy and numeracy, but also critical 21st Century skills such as socio-emotional skills, ICT skills, and other broader fundamentals of a quality education. It helps close the persistent gap between the skills needed by employers and those attained by today’s youth.

For all the above, EOF pays primarily on the basis of the results achieved, ensuring that taxpayer-funded domestic resources, aid, and philanthropic funds are only used to pay for what works. This is a game-changing way to finance results in education, focusing attention and realigning systems on the most challenging but most important measure of a program’s performance: whether it is improving lives.

Together with our supporters, we believe this is the early stages of a much larger movement, with huge potential to increase learning outcomes for children and youth around the world, though improved aid effectiveness and government spending.

Since our inception in 2018, EOF has:

  • Partnered with governments in Ghana and Sierra Leone to establish the two largest outcomes funds to date in developing countries, mobilising ~$50M for these programs.
  • Established itself as a leading global player in RBF, and the only dedicated center of expertise for RBF in education and skills.
  • Become the first outcomes fund hosted by the United Nations within UNICEF, as a scalable platform to partner with governments around the world.
  • Established a major partnership with the LEGO Foundation, to develop a scale portfolio of RBF programs in early childhood across a diverse range of countries, as well as to amplify the movement and ecosystem of partners around this approach.
  • Had our innovative approach featured in the Stanford Social Innovation Review, FT, Economist, Brookings, and more.
  • Built our institutional capacity to contract and implement large-scale outcomes funds more efficiently and effectively than historic impact bonds.
  • Established a strong culture of performance and an active focus on ongoing professional development for all our team.

How can you make a difference?


EOF’s three portfolios of programs – in basic education, early childhood education and skills-for-employment – continue to grow, and senior expertise is required to provide support to one or more of the portfolios over a 12-month assignment.

The Consultant (Portfolio Management) will report directly to EOF’s Programme Manager and work closely with other members of EOF’s leadership team and program team.




Estimated number of working days

Deadline/ timeline

Deliverable 1: Innovative finance learning sessions: materials produced, and sessions run internally for EOF’s program team Design and facilitate 3 learning sessions of 1.5 hours each for EOF’s core team on the use of Outcomes Based Financing in Basic Education, early Childhood Education and Skills for Employment 15
(5 per session)
By the end of Quarter 1 2025
Deliverable 2: Finalized speeches and presentation materials produced for an external speaking engagement Participate in 3 external speaking engagements advocating for the EOF approach. Relevant speaking engagements include high-level meetings in the education sector, with media, partners and funders. 18
(6 per speaking engagement)
Three speaking engagements over the course of the contract
Deliverable 3: Concept development report

Provide strategic advice across one of EOF’s three portfolio areas (Early Childhood Care and Education, Basic Education, or Skills for Employment in the concept development stage for programs in that portfolio.

Provide strategic support for the EOF team to develop and finalize a concept development report including but not limited to: political economy and sector analysis, theory of change, stakeholder analysis and engagement plans

60 One report by the end of the program’s concept development phase
Deliverable 4: Finalized program design document

Provide strategic advice across one of EOF’s three portfolio areas (Early Childhood Care and Education, Basic Education, or Skills for Employment in the design stage for programs in that portfolio.

Provide strategic support for the EOF team to finalize program design, including but not limited to: RBF (Results Based Financing) mechanism design, procurement plans, materials for technical working groups and stakeholder meetings


Monthly updates to draft document

Final document end of program phase

Deliverable 5: Program workplan, risk register, and decision log related to program implementation

Provide strategic advice across one of EOF’s three portfolio areas (Early Childhood Care and Education, Basic Education, or Skills for Employment for programs in that portfolio.

Provide strategic advice and oversight of EOF’s program in their implementation phase, including:
a. workplan inputs,
b. risk register inputs,
c. decision log
d. activity progress report

60 a) Once per month
b) 4 reviews
c) 4 updates per month
d) weekly

 Total estimated working days – 213

To qualify as an advocate for every child you will have… 

  • An advanced university degree in business, economics, political science, finance, international development, public policy, education or a related field is required. A bachelor’s degree will be considered with 2 additional years of experience. 
  • A minimum of 10 years of relevant professional experience in international development, charity or public sectors, strategic consulting, think-tanks/research institutes, investment or development banking.
  • Experience managing grant programs with required reporting requirements is required. Experience managing large complex projects (>10M USD) is an asset.
  • Experience and expertise in education or skills & employment programs is required.
  • Experience working at a senior level with governments and donors (comfortable working with and engaging at a C-Suite or Ministerial level) is required.
  • Fluency in English is required. Knowledge of another official UN language (Arabic, Chinese, French, Russian or Spanish).


  • Professional fluency in French is preferred.
  • Experience in innovative financing, in particular with Results Based Financing instruments or incentive structures, is strongly preferred.
  • Experience working in Africa and/or the Middle East is preferred.

For every Child, you demonstrate… 

UNICEF’s values of Care, Respect, Integrity, Trust, Accountability, and Sustainability (CRITAS). 

To view our competency framework, please visit  here

 UNICEF is here to serve the world’s most disadvantaged children and our global workforce must reflect the diversity of those children. The UNICEF family is committed to include everyone, irrespective of their race/ethnicity, age, disability, gender identity, sexual orientation, religion, nationality, socio-economic background, or any other personal characteristic.

UNICEF offers reasonable accommodation for consultants/individual contractors with disabilities. This may include, for example, accessible software, travel assistance for missions or personal attendants. We encourage you to disclose your disability during your application in case you need reasonable accommodation during the selection process and afterwards in your assignment. 

UNICEF has a zero-tolerance policy on conduct that is incompatible with the aims and objectives of the United Nations and UNICEF, including sexual exploitation and abuse, sexual harassment, abuse of authority and discrimination. UNICEF also adheres to strict child safeguarding principles. All selected candidates will be expected to adhere to these standards and principles and will therefore undergo rigorous reference and background checks. Background checks will include the verification of academic credential(s) and employment history. Selected candidates may be required to provide additional information to conduct a background check. 


Only shortlisted candidates will be contacted and advance to the next stage of the selection process. 

Interested candidates are required to fully complete their application profile, upload a cover letter and their financial proposal (daily fee rate in USD).

Applications with incomplete profile and without a financial proposal will not be considered.

Individuals engaged under a consultancy will not be considered “staff members” under the Staff Regulations and Rules of the United Nations and UNICEF’s policies and procedures, and will not be entitled to benefits provided therein (such as leave entitlements and medical insurance coverage). Their conditions of service will be governed by their contract and the General Conditions of Contracts for the Services of Consultants. Consultants are responsible for determining their tax liabilities and for the payment of any taxes and/or duties, in accordance with local or other applicable laws. 

The selected candidate is solely responsible to ensure that the visa (applicable) and health insurance required to perform the duties of the contract are valid for the entire period of the contract. Selected candidates are subject to confirmation of fully-vaccinated status against SARS-CoV-2 (Covid-19) with a World Health Organization (WHO)-endorsed vaccine, which must be met prior to taking up the assignment. It does not apply to consultants who will work remotely and are not expected to work on or visit UNICEF premises, programme delivery locations or directly interact with communities UNICEF works with, nor to travel to perform functions for UNICEF for the duration of their consultancy contracts. 

Advertised: 23 May 2024 GMT Daylight Time
Deadline: 30 Jun 2024 GMT Daylight Time

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