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 2022, IFC committed a record $32.8 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 global compounding crises. For more information, visit www.ifc.org.
Private sector financial development is essential to the promotion of successful and sustainable economies in low and middle-income countries around the world. Sound and efficient financial markets can ensure that resources are allocated where they are most productive, assisting job creation and spurring economic growth. IFC’s goal is to prioritize investment in the financial sector because it promotes development in all other sectors.
The Financial Institution Group (FIG) is one of IFC’s key Departments responsible for a significant portion of IFC’s business volume, profitability, and development reach, approximately 40%. FIG engages in a wide range of sub-sectors including Microfinance, SME, Gender, Climate, Insurance, Capital Markets, Housing, Distressed Assets, and other areas, with both investment and advisory services delivered globally to IFC’s clients through IFC’s global network. FIG has three main objectives: 1) financial inclusion 2) servicing the real economy and 3) mobilizing third-party resources.
FIG’s Europe team is based across the region with main hubs and offices in Vienna, Bucharest, and Belgrade. The team members work on both new business development and portfolio management across the region. With a diverse network of markets, the pipeline of new transactions ranges from investing fresh equity in banks to structured finance products which help develop local capital markets.
FIG Europe Regional Industry Team is seeking Associate Investment Officers to be based in Bucharest/Vienna/Belgrade with good local market and industry experience to help grow and develop its business across the region.
Duties and Responsibilities:
The duties and accountabilities of the role include but are not limited to:
• Collaborate in developing client strategies/ engagement plans and pitch books for industry and countries;
• Establish and maintain relationships with mid-level clients and other stakeholders (government, development partners, WBG) to explore straightforward business opportunities;
• Analyze operational and financial performance as well as credit and integrity risks of potential clients/ projects;
• Build complex financial models, perform due diligence and financial analysis, and/or provide quality control over financial analysis/ projections developed by an analyst to evaluate the benefits and risks of straightforward transactions;
• Assess and articulate development impact and IFC’s role/ additionality in straightforward transactions;
• Lead straightforward investment transactions incorporating lessons learned from IFC’s earlier investments and portfolio management;
• Coordinate with internal stakeholders (Legal, E&S, sector specialists and Economists) to identify ways to strengthen the development impact and financial sustainability of projects;
• Perform credit and risk assessments, financial projections, covenant compliance reviews, and monitor changes to risk flags to determine the performance of the assigned portfolio with limited supervision;
• Responsible for rating reviews or loan loss reseves on a quarterly basis for the overall assigned portfolio. Run models for equity valuations to determine the need to modify the exit strategy;
• Supervise and ensure the quality of portfolio reporting information prepared by junior staff, providing broader industry, sub-sector and country perspective into project risks and issues,
• Engage with mid-level clients on straightforward projects to understand their business directions and challenges that may lead to new opportunities, and support the design of client engagement plans, as applicable;
• Follow up-with mid and senior level clients to resolve problems on straightforward projects.