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Associate Investment Officer

Job #: req4377
Organization: IFC
Sector: Investment
Grade: GF
Recruitment Type: Local Recruitment
Location: Johannesburg,South Africa
Required Language(s): English
Preferred Language(s): French, Portuguese
Closing Date: 2/25/2020 (11:59pm UTC)

 

Description

Do you want to build a career that is truly worthwhile? The International Finance Corporation (IFC), a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with more than 2,000 businesses worldwide, we use our capital, expertise, and influence to create markets and opportunities in the toughest areas of the world. Visit www.ifc.org.

IFC— the private sector arm 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.

IFC has embarked on an ambitious new strategy to stimulate more investment activity, especially in Low Income Countries (LICs) and Fragile and Conflict affected States (FCS).  This new strategy aims at creating our own opportunities for private investments in riskier markets by proactively working in these countries to create, deepen, and expand the markets themselves.  Delivering on this strategy requires a different approach to delivering integrated and scalable solutions that create new markets through Upstream engagements and the implementation of the Cascade, in very close collaboration with World Bank colleagues at the country and sector level.  Ultimately, it is about creating a new pipeline of bankable operations/ projects.

The Infrastructure and Natural Resources (INR) Industry Department is one of IFC’s key strategic priorities.  The team delivers financial and technical support to clients in the power, transport, telecoms, municipal & environmental infrastructure, oil and gas, and mining sectors, from IFC’s own balance sheet and through mobilization of other capital.  The Department also seeks to maintain IFC, as part of the World Bank Group, at the cutting-edge of helping member countries find solutions to new and emerging infrastructure and natural resource issues. 

IFC is seeking an Associate Investment Officer who will work with the Infrastructure Africa team in identifying new investment opportunities, executing transactions and actively managing portfolio projects in the region.
The position is based in Johannesburg reporting to the Upstream Manager, Middle East & Africa.
Note: If the selected candidate is a current Bank Group staff member with a Regular or Open-Ended appointment, s/he will retain his/her Regular or Open-Ended appointment. All others will be offered a 3-year term appointment.

Duties and Accountabilities:

• Provide key support in identification, appraisal, structuring and negotiation of infrastructure sector investments.
• Identify and analyze fundamental competitive strengths and weaknesses of projects or portfolio companies and identify non-financial issues, opportunities and risk/reward factors (e.g. business environment, country, and sponsor). 
• Handle disbursements, waivers and complex client interactions such as restructurings; monitor and value equity investments and recommends/executes the sale of holdings.
• Monitor existing investments in portfolio companies, comprising various types of financial entities.
• Review and analyze the financial and operating performance of clients; prepare quarterly risk ratings, annual supervision and other management reports as well as country strategy papers, briefs and project profiles.
• Handle client relationships and provide insight into sector developments in client countries to anticipate new investment opportunities and/or performance issues.
• Apply knowledge of project/portfolio lifecycle to identify and meet critical path milestones, and to implement tasks (including production of documents) in a timely and high-quality fashion for the processing or supervision of projects.
• Actively keep abreast of regional and industry developments and incorporates trends into the processing or supervision of projects. 

Selection Criteria

• Master’s degree and minimum 4-6 years of relevant experience in the infrastructure projects in an investment related function 
• Good understanding of financial and operational characteristics of infrastructure investments. 
• Clear experience and expertise in identifying, evaluating, structuring and negotiating transactions; experience in portfolio management.
• Sound business judgment and strong problem solving/negotiation skills, as well as ability to work effectively on simultaneous projects under time pressure.
• Excellent verbal and written communication skills in English (French/Portuguese is a significant advantage)
• A keen interest in development finance and working in a multicultural environment.

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.