Senior Investment Officer at World Bank Group (WBG)

Senior Investment Officer
Senior Investment Officer at World Bank Group (WBG) June 2024
Job #: req27872
Organization: IFC
Sector: Investment
Grade: GG
Term Duration: 3 years 0 months
Recruitment Type: International Recruitment
Location: Nairobi,Kenya; Dar Es Salaam,Tanzania
Required Language(s): English
Preferred Language(s):

Description
International
Finance Corporation (IFC) — a member of the World Bank — 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
US$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.

IFC has embarked on an ambitious new strategy to
stimulate more investment activity by Creating Markets, including in Low
Income Countries (LICs) and Fragile and Conflict Situations (FCS). This
new strategy requires a shift in our approach to proactively create,
deepen and expand markets and projects rather than waiting for clients
to propose projects for IFC to finance. This strategy also relies on
upstream work with Governments and World Bank colleagues to enable
private sector solutions and financing. We call this approach the
“Cascade.” 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 Financial
Institution Group (FIG) is one of IFC’s key Departments responsible for a
significant portion of IFC’s business volume, profitability and
development reach, approximately 40%. FIG engages in a wide range of
sub-sectors including Microfinance, SME, Gender, Climate, Insurance,
Capital Markets, Housing, Distressed Assets, and other areas, with both
investment and advisory services delivered globally to IFC’s clients
through IFC’s global network.

FIG has three main objectives: 1)
financial inclusion; 2) servicing the real economy; and 3) mobilizing
third-party resources. 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.
FIG
Africa is based across the continent with main hubs and offices in
Kenya, Morocco, Nigeria, Senegal, and South Africa and is recruiting for
a Senior Investment Officer (“SIO”) with good local market and industry
experience to join the investment team, which originates, manages and
monitors IFC’s financial sector investments, including investments that
support the institutions’ regional expansion across Africa. The SIO will
report to the Eastern Africa FIG Regional Industry Manager and will be
based either in Nairobi, Kenya or Dar Es Salaam, Tanzania.

Note: Excellent oral and written presentation skills in English are required.

Duties and Accountabilities:
The duties and accountabilities of the role include but are not limited to:
•
Develop a strong pipeline of good quality investment opportunities
through proactive origination/business development and developing and
employing sector/country knowledge.
• Build and maintain strong
relationships with existing and potential FIG clients, investors,
arrangers and other key stakeholders (development partners, government,
World Bank) of the financial sector community to further develop the
sector and to develop specific investment opportunities.
• Mobilize other investors alongside IFC.
•
Engage with mid and senior-level clients of projects to understand
their business directions and challenges that may lead to new
opportunities, and support design of client engagement plans, as
applicable.
• Lead investment transactions incorporating lessons learned from IFC’s earlier investments and portfolio management.
•
Support upstream initiatives across the World Bank to unlock
constraints to financial sector growth and inclusion in the region and
globally.
• As team leader and sector investment specialist,
evaluate, structure, negotiate, and close new transactions, portfolio
restructurings, rescheduling, capital increases, equity sales, as
necessary.
• Use strong negotiation skills to develop solutions and overcome impasses in complex transactions.
•
Build productive and mutually beneficial relationships/networks
internally and externally to identify business opportunities, discuss
structuring alternatives, and resolve issues.
• Collaborate in developing client strategies/ engagement plans and pitch books for industry and countries.
• Develop innovative and appropriate financial structures for complex transactions.
•
Lead term sheet negotiation/legal documentation process; use strong
negotiation skills to develop solutions and overcome impasses in
straightforward and complex transactions.
• Mentor and coach less-experienced staff and help build talent and grow skill base of staff.
•
Coordinate closely with social, environmental, governance, and
technical assistance colleagues in order to add value to our clients’
businesses, find pragmatic solutions to the specific sector challenges,
and achieve sustainable development impact.
• Monitor complex
portfolio projects supporting value contribution and development impact
to IFC’s debt and equity investment portfolio: lead active portfolio
management and negotiations to maximize financial and development
effectiveness results.
• Review and analyze the financial and
operating performance of clients, including covenant compliance reviews
and impact reporting; prepare quarterly risk ratings, annual supervision
and other management reports as well as country strategy papers, briefs
and project profiles.
• Responsible for rating reviews or loan loss
reserve on a quarterly basis for the overall assigned portfolio and
monitor changes to risk flags to determine performance of assigned
portfolio with limited supervision.
• 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.
• Supervise and ensure quality of portfolio reporting
information prepared by junior staff, providing broader industry,
sub-sector and country perspective into project risks and issues.
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Selection Criteria
• Master’s degree in finance or similar relevant education; accreditation as a CFA or CPA is considered a plus;
•
At least 10-14 years of relevant experience in the financial sector,
including a solid operational understanding of commercial banks and
other financial entities in Africa.
• Demonstrated network of top-level contacts in the financial services and investment industries in Africa.
•
Documented experience and expertise in identifying, evaluating,
structuring and negotiating private debt and equity investments;
experience in portfolio management.
• Sound business judgment and
strong problem solving/negotiation skills to identify issues and present
creative, practical solutions.
• Ability to work effectively on simultaneous projects under time pressure.
•
Capacity to deal with conflicting priorities and deliver high quality
work on schedule; facility to work successfully in multicultural teams
and across boundaries.
• Ability to build and maintain relationships with the business community and governmental authorities, as needed.
• Proactiveness, strong business development and client relationship skills, and ability to focus on client needs effectively.
•
Ability to interact directly and independently with the senior
management of potential clients, financial and technical partners, as
well as senior government officials.
• Sound business judgment in identifying potential business partners and investment opportunities.
•
Ability to draft documents and reports that are concise,
well-organized, and appropriately focused on most critical points that
are relevant to the target audience.
• Excellent verbal and written communication skills in English. French/ will be a plus.
• Strong interpersonal skills, ability to interact effectively with clients and colleagues.
• Team player; Ability to work sensitively and effectively in a multicultural setting.
•
Takes personal responsibility and accountability for timely response to
client queries, requests or needs, working to remove obstacles that may
impede execution or overall success.
• Willing to travel to various regions in Africa (as long as safety standards are met based on the World Bank standards).
• Strong passion in sustainable economic development.
• Exceptional attention to detail.
•
Strong research and quantitative skills.• Strong Computer skills to
develop user-friendly/punchy analyses/presentations (word, excel, and
PowerPoint)

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.
Learn more about working at the World Bank and IFC, including our values and inspiring stories.
Go to our Homepage To Get Relevant Information.
Closing Date: 6/24/2024 (MM/DD/YYYY) at 11:59pm UTC