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.
The Financial Institutions Group, one of IFC’s industry departments, supports projects in numerous financial sub sectors, partners with local financial institutions, develops domestic and regional equity and debt markets and introduces new financing instruments. The goal is to develop efficient financial systems that will increase financial inclusion and fuel economic growth in client countries and enhance IFC’s developmental impact.
The Financial Institutions Group is recruiting an Associate Investment Officer or Investment Officer to join the Investment and Portfolio Team, which originates, manages and monitors IFC’s financial sector investments in Africa and the Middle-East. The Associate Investment Officer or Investment Officer will report to the Financial Institutions Group Manager, Investment, Southern and Eastern Africa.
The position can be based in Nairobi, Kenya or in Johannesburg, South Africa.
Duties and Accountabilities:
- Provide key support in identification, appraisal, structuring and negotiation of financial 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
- Masters degree and minimum of 4-5 years of relevant experience in the financial sector, preferably in an investment related function and/or the private equity industry.
- Good understanding of financial and operational characteristics of financial institutions.
- Clear experience and expertise in identifying, evaluating, structuring and negotiating debt and equity 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 is a plus for consideration for Johannesburg and Nairobi locations, however, is mandatory for consideration for Dakar
- A keen interest in development finance and working in a multicultural environment.
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