Syndications Officer Job at IFC-International Finance Corporation, Washington DC , United States
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Location:
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Salary:negotiable / YEAR
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Job type:FULL_TIME
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Posted:4 months ago
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Category:Budget and Accounting, Finance, Treasury and Investment
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Deadline:17/06/2024
JOB DESCRIPTION
Description
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 2023, IFC committed a record $43.7 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.
The Syndications and Debt Mobilization Department (“CSL”) is tasked with raising external funds for IFC clients through the B Loan program, Parallel Loans, Credit Insurance Policies (“CIP”), the Managed Co-Lending Portfolio Program (“MCPP”), and Debt Securities Syndication (“DSS”). Our syndications partners are international and local commercial banks, Development Finance Institutions (“DFI”), funds and institutional investors. The Department is also responsible for the ongoing syndicated loan portfolio management engagements with third-party investors.
CSL is seeking a Syndications Officer for the Latin America & Caribbean region, based in Washington, DC. She/he will report to the Head Syndications for the region.
Duties and Responsibilities
The Syndications Officer will take primary responsibility for the syndications process on numerous projects including challenging projects in the region and will lead the syndication portfolio work on projects including complex restructurings.
• Syndicate IFC B Loans, Parallel Loans, MCPP facilities and sell IFC A Loan participation in the secondary market, including coordination of and participation in roadshows as necessary.
• Manage Debt Securities Syndications in situations where IFC provides its own-account financing in bond format. This includes both corporate financings and project financings including complex projects.
• Conduct deal-specific market soundings to advise IFC project team on deal structure and pricing; develop syndication strategy for individual transactions including the list of prospective partners.
• Review company, economic and financial information and legal documentation for new transactions.
• Directly prepare and/or lead the preparation of information memoranda, executive summaries and other reports for the bank market in collaboration with relevant Investment Department.
• Manage assigned syndicated loan portfolio by providing high-quality service to B Loan participants/parallel lenders/MCPP investors on ongoing project work (amendments, waivers, restructurings, information transmission on key developments, responding to inquiries). This includes complex portfolio projects.
• Follow international lending and capital markets and banking activities to understand and anticipate trends. Regularly and proactively share market information with IFC colleagues.
• Conduct industry and bank market research and pricing data analysis, including secondary market pricing; lead the preparation of regular pricing reports for syndicated loans.
• Ensure contractual responsibilities with B Loan participants/parallel lenders/MCPP investors are being met while at the same time manage these syndicated loan portfolio relationships
• Develop and maintain relationships with international, regional and local commercial banks, IFIs and other existing/potential B Loan Participants and parallel lenders, and increasingly institutional investors.
• Represent IFC at syndications-relevant internal & external conferences and events, including taking on speaking roles as needed.
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Selection Criteria
• MBA or equivalent master’s level degree in finance.
• At least 8-12 years of relevant experience (or an equivalent combination of education and experience), including broad exposure to corporate & project finance, capital markets and the syndicated loan market.
• Understanding of international commercial bank market and main financial products, including loans, swaps and CDS.
• Experience with loan documentation and credit issues.
• Experience market intelligence research tools including Dealogic – Loan Analytics, Bloomberg and market publications and bookrunning platforms such as Debt Domain, Intralinks and Syndtrak.
• Proactive, resourceful and self-motivated.
• Strong team player, with demonstrated capacity for hard work.
• Able to manage multiple tasks concurrently, prioritize effectively and adhere to deadlines while always paying attention to details.
• Clear, accurate articulation of issues, problems and solutions.
• Use of tact, diplomacy and good interpersonal skills in internal and external communications.
• Excellent written and verbal communication skills in English and strong editing skills.
• A good command of one or more regional languages (Spanish and/or Portuguese) would be an advantage.
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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.
We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.
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Learn more about working at the World Bank and IFC, including our values and inspiring stories.
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