Principal Researcher for Indonesia Market Landscape Study

IIX Global is seeking a Principal Researcher for a Market Landscape Study focused on Indonesia's impact investing ecosystem. This short-term consultancy, lasting from May to August 2026, involves overseeing data analysis and report authoring to guide interventions for women-led enterprises. The position is hybrid, requiring some in-person work in Singapore, and aims to strengthen gender-responsive and climate-smart investment strategies.
## Terms of Reference – Short

- Time Consultant

Principal Researcher for Indonesia Market Landscape Study

Impact Investment Readiness in Indonesia Program

| Position Title | Consultant – Principal Researcher for Indonesia Market Landscape Study |
| --- | --- |
| Engagement Type | Short

- Time Consultancy |

| Duration_ | May – Aug 2026 (up to 70 days) _(Conditional upon donor funding)* |
| Location | Hybrid |
| Reporting To | Senior Vice President Programs |
| Application Deadline | 24 May 2026, 05.00 PM (GMT+7) |

### About Impact Investment Exchange

Impact Investment Exchange (IIX) is a leader in the global impact investing movement, dedicated to reshaping financial markets to prioritize sustainable development and inclusive growth. Over more than 17 years, we have systematically built the sustainable investing market, mobilizing nearly US$500 million in private-sector capital through innovative instruments like the Women’s Livelihood Bond™ Series. This is complemented by comprehensive enterprise technical assistance across Asia, Africa, and the Pacific, alongside our IIX Values™ technology for impact verification and data collection. Through global advocacy and initiatives like the Orange Movement™, we drive systemic change by integrating gender equality and climate action into financial markets. Our empirical footprint includes over 90,000 data points on sustainable MSMEs, creating high-quality market intelligence that has positively impacted over 160 million lives and avoided more than 1.9 million metric tons of carbon emissions. We bridge the gap between underserved "backstreet" communities and global "Wall Streets," empowering women-led and climate-smart enterprises to thrive and contribute to the UN Sustainable Development Goals.

### Background

The Impact Investment Readiness in Indonesia (IIRI) project is a five-year initiative funded by Global Affairs Canada (GAC) and implemented by IIX. It aims to strengthen Indonesia’s gender-responsive and climate-smart impact investing ecosystem, unlocking private capital for women-owned, women-led, and women-benefitting Micro, Small, Medium Enterprises (WMSMEs) in underserved and outer-island provinces.

We are seeking a Senior Researcher to serve as the technical lead for the Market Landscape Study. This role orchestrates the transition from raw data to strategic insights and a roadmap. You will provide technical oversight and quality assurance for the external consultancy firm during the Phase 2 empirical fieldwork. Following that, you will lead the analysis and design phases to synthesize findings into a comprehensive roadmap, authoring the final Market Landscape reports and overseeing GBA+ and Environmental Sustainability reports that will serve as foundational evidence for our 2025–2030 interventions.

The Market Landscape Study assesses the current state of Indonesia’s impact investing ecosystem to identify priority interventions and narrow down priority provinces. It is organized into five distinct phases:

- Phase 1: Conceptual Phase – Research framework and desk review.
- Phase 2: Empirical Phase – Primary and secondary data collection (fieldwork).
- Phase 3: Analytics Phase – Data synthesis and gap analysis.
- Phase 4: Design Phase – Programmatic recommendations and roadmap formulation.
- Phase 5: Dissemination Phase – Knowledge consolidation and stakeholder unveiling.

### Scope of Work & Key Deliverables

You will serve as the technical architect and project manager, directly executing Phases 3, 4, and 5 while overseeing the external consultancy firm for Phase 2.

#### Technical Oversight & Quality Assurance (Phase 2 Management) – up to 15 days

Supervise the external consultant/enumerator team to ensure high-quality data collection across four fieldwork provinces: South Sulawesi, East Java, North Sumatra, and NTT. Review and validate field data collection reports, baseline values, provincial insights, and preliminary synthesis outputs to ensure alignment with our GBA+ and environmental lenses.

#### Analytics & Synthesis (Phase 3 Lead) – up to 15 days

Categorize WMSMEs along the investment readiness spectrum, from grant-dependent to investment-ready. Map capital provider appetite against enterprise needs to identify persistent financing mismatches. Assess how national and provincial regulations shape the enabling environment for inclusive finance.

#### Programmatic Design & Roadmap (Phase 4 Lead) – up to 20 days

Formulate actionable strategies for demand-side strengthening (capacity building) and supply-side engagement through tailored gender-lens and impact investing content. Develop a sequenced implementation roadmap for the 2025–2030 period, including proposed contributions from IIRI partners.

#### Final Reporting & Dissemination (Phase 5 Lead) – up to 20 days

Draft the final Market Landscape Study Report and oversee the completion of Gender

- Based Analysis Plus (GBA+) and Environmental Sustainability Strategy (ESS) reports. Present key findings to Canadian partners, Indonesian government stakeholders (e.g., OJK, Bappenas), and the broader investment ecosystem.

### Required Qualifications & Experience

Education

An advanced degree in Economics, Finance, Development Studies, or a related field is required. A Master's degree is an advantage but not required.

Experience

You must have a minimum of 15 years of experience in market research, development finance, or MSME advisory, specifically within Indonesia.

Skills & Competencies

We are looking for strong research, analytical, and organizational skills. You should have a solid understanding of Gender

- Based Analysis Plus (GBA+) and Gender Lens Investing (GLI), as well as climate vulnerability and environmental risk assessment (ESS). Strong familiarity with Indonesia’s sustainable finance regulations and MSME policy landscape is essential. A proven track record in managing external research teams and coordinating complex, multi-stakeholder projects is required. You must possess exceptional report-writing skills in English, with the ability to translate technical data into strategic insights. Proficiency in data management tools (e.g., Excel, Airtable, Google Sheets) is expected, along with the ability to work independently, manage time effectively, and meet deadlines. Attention to detail and a commitment to data accuracy are critical.

### How to Apply

Interested candidates are invited to submit the following via Breezy by 30 May 2026, 05.00 PM (GMT+7): an updated CV/Resume, a brief cover letter (maximum 1 page) outlining relevant experience and motivation, a sample of previous work related to stakeholder mapping, database development, or research (if available), and your expected daily rate or financial proposal.

Only shortlisted candidates will be contacted. IIRI encourages applications from diverse candidates.