IFC—a sister organization of the World Bank and member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work with more than 2,000 businesses worldwide, using our capital, expertise, and influence to create markets and opportunities in the toughest areas of the world. In fiscal year 2018, we delivered more than $23 billion in long-term financing for developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity. 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. Infrastructure plays a key role in sustained economic growth by providing critical public services to the citizens in a country as well as a platform for efficient operation of businesses that create jobs. The private sector plays an increasingly important role in the financing and delivery of infrastructure and public services, including through Public-Private Partnerships (PPPs).
PPP’s advisory offering consists on the provision of transaction advisory services to governments to effectively structure and implement public private partnerships (PPPs) while balancing investors’ interests, public policy considerations, and community needs. By structuring successful PPPs, infrastructure and public services may be expanded and improved in a cost-effective manner, benefiting from private-sector expertise, management, and finance. PPP has an active global portfolio of 82 projects covering several different sectors, or which power, transport, cities and health/education are strategic priorities. This is an exciting time for PPP to play a critical role in shaping IFC 3.0 strategy.
PPP management team is committed to providing global mobility to our high performing staff, ensuring that we continue to operate as a global team, and respond to the feedback that staff have provided us in recent staff survey follow ups. As continuation of these efforts and driven by business needs, PPP’s Asia Pacific team is seeking a high performing Associate Investment Officer with significant market and transaction experience to work as part of the Asia Pacific team on the Pakistan and Afghanistan program, and other geographical areas as needed and may be requested from time to time by the Asia Pacific Manager. The position is based in Islamabad and to start will report to the South Asia Hub Leader, in first instance, and the Pakistan Country Manager.
PPP’s Asia Pacific team covers the unit’s operations in 29 countries with support from the Global Director and as part of the 100 staff worldwide. In Asia, 26 staff are located across ten different offices, with staff located close to clients in Bangladesh, India, Sri Lanka, Pakistan, the Philippines, Myanmar, Hong Kong, Singapore, Vietnam, and Sydney.
Roles and Responsibilities
The Associate/Investment Officer’s work will involve supporting the implementation of advisory mandates of a variety of types, including business development, interactions with clients, developing terms of reference, procurement and supervision of consultants, preparation of presentations and reports, financial modeling and due diligence, transaction structuring, drafting bidding documents and managing bidding processes, interacting with investors.
Main duties include the following:
- Support business development and help originate advisory mandates by managing marketing activity in assigned countries with donors and with both public sector and private sector stakeholders;
- Participate in the day-to-day management of project teams working on advisory mandates, including review of legal and technical outputs, and documentation;
- Develop financial models independently or provide detailed guidance and supervision for the development of financial models by junior staff;
- Manage client expectations and provide appropriate advice as necessary through proposing practical solutions;
- Coordinate closely with other teams both within IFC and across the rest of the World Bank Group in order to ensure project bankability;
- Execute projects from mandate signature, through due diligence, prequalification, tendering and award, to the finalization and execution of all project agreements leading to financial close. (Negotiation of the template project documents is expected to be minimal, but strong negotiation skills will be required to develop solutions and overcome impasses in transactions);
- Develop, coach, motivate and manage junior members of the team;
- Assist in other project- or strategy-related activities, and potentially on other mandates in other sectors, as required.
The successful candidate must meet the competencies for a F1 Investment Officer. In addition, the successful candidate must possess:
- MBA or equivalent qualification
- At least 4-6 years of experience in project finance, and/or investment banking
- Strong financial modelling skills and knowledge of finance
- Demonstrated strong drive, and high performance & achievement record (Strong track record of contractual and/or financial closings of infrastructure transactions)
- Consistent record of ability to deliver on time and meet deadlines
- Ability to work with teams in multiple transactions, delivering high quality work within deadlines, and to meet team objectives
- Excellent written and verbal communications skills in English
- Excellent interpersonal skills and ability to interact effectively with clients and colleagues from various cultural backgrounds
- Recognized as a team player
- Ability to work across a diverse set of institutions and stakeholders to achieve a common objective
- Sound business judgment; ability to find creative solutions to accommodate different interests
- Business development and client relationship skills, track record and ability to focus on clients’ needs effectively
- Willingness and ability to travel on very short notice and frequently, as required
- Genuinely motivated and enthusiastic about the opportunities and challenges of working in the Asia Pacific Region
- Experience in reviewing legal documentation will be a plus
- Evidence of previous client relationship experience in difficult environments will be a plus
- Demonstrated experience in power, transport and cities sectors will be a plus
The World Bank Group values diversity and encourages all qualified candidates who are nationals of World Bank Group member countries to apply, regardless of gender, gender identity, religion, race, ethnicity, sexual orientation, or disability. Sub-Saharan African nationals, Caribbean nationals, and female candidates are strongly encouraged to apply.