Senior Investment Officer
Job #: req17391
Term Duration: 3 years 0 months
Recruitment Type: International Recruitment
Required Language(s): English
Closing Date: 6/3/2022 (MM/DD/YYYY) at 11:59pm UTC
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, the outcome of which will be to double our volume of business by 2030 and triple the work we do in Low Income Countries (LICs) and Fragile and Conflict affected States (FCS). To do so, IFC will need to deploy its full range of financing, mobilization, advisory, convening and thought leadership skills. This also calls for the need to generate our own opportunities by proactively working “Upstream” to create, deepen, and expand markets and opportunities for the private sector and to imagine, design and implement investment projects. This strategy also relies on a closer WBG collaboration through the “Cascade” approach: working with clients, we will first seek private sector solutions to address development challenges—where such solutions are advisable and can be effective—and reserve public financing for projects only when other options are suboptimal.
The Infrastructure and Natural Resources (INR) Industry is one of IFC’s key strategic priorities. The team delivers financial and technical support to clients in the power, transport, 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’s priorities in Asia for INR are: (i) grow business in the region and achieve strong profitability and impact; (ii) build new and nurture existing client relationships to make IFC the preferred partner for key clients; (iii) manage portfolio of assets for strong profitability and impact; (iv) support local companies, while improving transparency and corporate governance; (v) catalyze foreign investment, including mobilizing B loans and parallel loans; (vi) introduce and develop new financial products; (vii) build long-term partnerships with strong regional players and (viii) develop client, sector and country-level solutions that can be scaled and replicated.
Duties and Accountabilities:
The candidate is expected to perform the functions of a new business Senior Investment Officer at all material stages of the IFC deal cycle, from deal origination to portfolio management:
• Develop a strong pipeline of good quality investment opportunities in developing markets in Asia by anticipating market trends and employing sector/country knowledge
• Work closely with the Industry Manager, Country Managers and Officers – joint work to include developing client, country and sector strategies
• Evaluate, structure, negotiate, and close new transactions, portfolio restructurings, capital increases, equity sales, etc
• Review and analyze business opportunities, synthesize information into internal reports for decision making purposes
• Develop innovative and appropriate financial structures for complex transactions
• Lead negotiation/documentation; deploy strong negotiation skills to develop solutions and overcome impasses in straightforward and complex transactions
• Build and maintain strong relationships with clients, global and regional private businesses, banking and multilateral partners and understand the political context and the mindset of the government officials to further develop investment opportunities
• Lead and manage project teams, mentor and coach junior staff in the team
• Coordinate closely with social, environmental, and technical assistance colleagues to add value to our clients’ businesses, find pragmatic solutions to the specific sector challenges, and achieve sustainable development impact
• Has a reputation for being able to connect the dots across business strategies and portfolio management lessons learned to generate innovative ideas, products, or solutions that can be replicated in other locations. Astute in anticipating where future opportunities and innovation will emerge in markets and sectors, and able to leverage expertise and reputation to connect IFC with those opportunities to grow the infrastructure business and open new markets.
• Able to have difficult conversations with clients to set reasonable expectations and with team members on their accountabilities or to address performance issues.
• MBA or equivalent qualification;
• At least 14 years of experience with a development finance institution (DFI), a commercial and investment bank or a private equity firm with tasks related to private sector infrastructure financing;
• Proven and recent deal track-record of sourcing, structuring and closing investments in infrastructure sectors, including investments in developing markets in Asia;
• Regional knowledge of countries and understanding of infrastructure challenges faced by countries within the region;
• In-depth knowledge of core infrastructure sectors; equity investment, project finance and renewable energy finance experience is essential;
• Strong business development and client relationship skills with a demonstrated network relevant for the team’s business;
• Excellent verbal and written communication skills in English backed by examples and references;
• Strong credit skills backed by references;
• Willingness to travel extensively;
• Financial skills: demonstrated ability to structure a variety of complex financial instruments (debt, equity and mezzanine instruments);
• Strong track record of portfolio management of complex projects;
• Sound business judgment in identifying potential business partners;
• Ability to interact with the senior management of potential clients, financial and technical partners as well as government officials;
• Strong inter-personal skills, ability to interact effectively with clients and colleagues from various cultural backgrounds;
• Good understanding of what internal stakeholders and approving officials look for in assessing risk, additionality and development impact as well as fit with IFC’s strategy;
• Ability to build long term engagement with clients and build credibility by demonstrating knowledge of their business/ culture, and maintain an ongoing dialogue on their business needs, operations and strategies, and opportunities for potential strategically aligned business deals;
• Ability to supervise staff in business development, processing, portfolio management and/or specialty area by providing technical guidance and delegating work to build and effectively use talents of staff, and balance workloads;
• Proven ability to mentor junior investment staff;
• Highly motivated, committed to highest ethical standards;
• Genuine commitment to sustainable development.