IFC—a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2021, IFC committed a record $31.5 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of the COVID-19 pandemic. For more information, visit www.ifc.org.
IFC has embarked on an ambitious new growth strategy (IFC 3.0) to stimulate more investment activity, especially in Low Income Countries (LICs) and Fragile and Conflict affected Situations (FCS). This strategy calls for generating our own opportunities by proactively working “Upstream” to create, deepen, and expand markets and to imagine, originate and prepare investment projects. The ultimate objective of IFC’s upstream activities is to create proprietary projects and investment opportunities by developing a sustainable pipeline of bankable transactions. To do this, IFC can engage in multiple type of upstream activities: (i) Early-stage, project level intervention in return for proprietary rights for equity and debt arranger role; (ii) Promoting and anchoring the design and implementation of platforms and programmatic approaches; and, (iii) Working closely across the World Bank Group to help develop policies, regulations and frameworks for private sector investments.
Working upstream requires taking a systematic approach to understanding the regulatory and sector bottlenecks that prevent the flow of private capital into productive investment in our member countries and addressing these bottlenecks through World Bank engagement on policy reforms and programmatic interventions at the country and sector level. It also requires capacity to leverage WBG programs and projects to: (i) develop our own proactive sector interventions and (ii) to imagine and design projects even in the absence of reforms. Finally, and most importantly, it requires extending IFC’s activities to partner with private sector entities to jointly prepare and develop investment projects using collaboration and co-development agreements.
IFC is seeking an Upstream Associate Investment Officer (F1-Level) to focus on Upstream activities with experience in the energy sector to work in the Global Upstream Unit of the Infrastructure Department. The selected candidate will focus on developing and monitoring a high-quality Upstream project pipeline under the supervision of the Global Upstream Energy Lead. S/he will also support policy work and other interventions across the World Bank Group to prioritize various initiatives and to maximize the impact of Upstream efforts.
Role and Responsibilities
• Support business development (Upstream/market creation) activities in the energy sector across IFC’s regions of operations: Africa (AFR), Middle East, Central Asia and Turkey (MCT), East Asia and Pacific (EAP), South Asia (SA), Eastern Europe and Central Asia (ECA), and Latin America and the Caribbean (LAC).
• Provide analytical and technical inputs to support the conceptualization and execution of upstream activities that lead to IFC investments by using energy experience and knowledge:
o Prepare and implement upstream activities in the energy sector under the supervision of more senior staff to ensure that they lead to impactful and well performing investments.
o Apply sector expertise, technical and/or business knowledge in monitoring sector portfolios, controlling quality of deliverables, and providing advice to regional teams as required, usually in complex transactions (including some in challenging markets such as FCS).
o Scope and/or develop feasibility studies and implementation plans for Upstream projects that lead to IFC investments.
o Serve as a technical specialist in upstream engagements requiring specialized energy sector knowledge/expertise.
o Assist in designing and implementing scalable solutions and platforms that can be replicated across markets.
• Manage the procurement of external consultants including the preparation of terms of reference, development of evaluation criteria, assessment of technical and financial proposals, and review and approval of deliverables.
• Develop commercial, operating and financial models to help generate and develop ideas for new projects, new products, and platform businesses for upstream infrastructure.
• Help identify game-changing trends, technologies and business models that can help bring solutions to emerging markets. Carry out research to support the conceptualization and implementation of new upstream activities in the energy sector.
• Support business development activities for upstream infrastructure leveraging sector experience/knowledge and network of contacts developed through previous experiences. This includes sourcing of new client leads and participating in client pitches, and generating ideas for development of global platforms.
• Produce regular reports and presentations on the assigned Upstream portfolio including monitoring progress against project milestones and KPIs.
• Review World Bank and IFC sector and sub-sector strategies in what pertains to the development of investment opportunities in the energy sector.
• Contribute to upstream knowledge generation and dissemination activities, and gathering lessons from experiences across regions to share globally, and to help develop new global or regional product platforms that can bring in new business.
• Work with the World Bank to analyze sector and regulatory reforms that are needed to unlock opportunities for private investment and develop new PPP opportunities for collaboration.
• Coordinate work and form partnerships with staff across IFC, including technical and investment relevant staff in the Global Energy and Regional Upstream and Investment teams.
• Master's degree or equivalent professional qualification in Business Administration, Finance, Economics, or Mechanical/Electrical Engineering.
• Technical and/or business expertise in power/energy with a broad and diverse substantive operational experience in the private sector that provides an in-depth understanding of and ability to stay abreast with changes in markets, economics, operations, and key players:
o At least 7 years of relevant experience in energy project development, hands-on energy sector advisory and/or consulting functions and deep understanding of the development of energy projects in emerging markets. Experience should include the technical and economic/financial appraisal of energy investments.
o At least 3 years of experience working on large-scale energy PPP structuring and market sounding and investment due diligence/transaction advisory and related assignments in emerging markets with MDBs and/or DFIs.
• Experience engaging with private sector clients, local and national governments and other stakeholders to encourage pioneering business and market development.
• Outstanding analytical and critical thinking skills; demonstrated ability to synthetize complex information and make concrete strategic and tactical recommendations.
• Understanding of the energy sector and ability to link policy reforms, advisory interventions, investment, and mobilization to deliver solutions at the project and country level.
• Understanding of how IFC and WBG work, their corporate strategies, and priorities, how they assess risk-reward trade-offs, and how they assess development impact and outcomes. Experience working with/for International Financial Institutions (IFIs) is considered an advantage.
• Extensive network of contacts in the energy sector in emerging markets is an advantage.
• Experience working across generation (notably in renewable energy), transmission and distribution in the power sector is highly desirable.
• Good communication, diagnostic, project management, and engagement skills to aid internal and external clients in improving upstream project delivery and increase chances of conversion to an investment.
• Genuine commitment to development and to the World Bank Group and IFC's mission, strategy and values.
• Excellent people skills, openness to feedback, new ideas, and ability to coach junior colleagues.
• Excellent verbal and written communications skills, with fluency in English, and other languages relevant in emerging markets are a strong plus.
World Bank Group Core Competencies
The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities.
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