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.
World Bank – IFC committed in 2023 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.
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Duties and Accountabilities:
The roles and responsibilities of the role include but are not limited to:
• Understand industry drivers, business/ market development cycles, and how business performance and long-term competitiveness/viability are measured within the industry and how industry dynamics may evolve within a country/ region.
• Identify barriers for market creation opportunities in a targeted country by tapping into relevant internal expertise and synthesizing information on local regulatory and economic context, industry/ sector and landscape, and constraints clients are facing to grow their business.
• Build productive and mutually beneficial relationships/networks internally and externally to identify business opportunities, discuss structuring alternatives, and resolve issues.
• Provide insight into sector developments in Southern Africa countries to anticipate new investment opportunities and/or performance issues.
• Establish and maintain relationships with stakeholders (government, development partners, WBG) to explore business opportunities.
• Support upstream initiatives across the World Bank to unlock constraints to financial sector growth and inclusion in the region and globally.
• Engage with mid-level clients of projects to understand business directions and challenges that may lead to new opportunities and support design of client engagement plans, as applicable.
• Collaborate in developing client strategies/ engagement plans and pitch books for industry and countries.
• Work with the team on developing new opportunities, managing internal and external stakeholders, investment processing and portfolio management.
• Analyze operational and financial performance as well as credit and integrity risks of potential clients/projects.
• Provide key support, and in some cases lead in identification, appraisal, structuring and negotiation of financial sector investments incorporating lessons learned from IFC’s earlier investments and portfolio management.
• Build complex financial models (including for equity valuations), perform due diligence and financial analysis, and/or provide quality control over financial analysis/projections developed by analyst to evaluate benefits and risks of transactions.
• 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).
• Perform assessments related to Paris Alignment and Climate Risk in investments.
• Coordinate with internal stakeholders to identify ways to strengthen development impact and financial sustainability of projects.
• Actively keep abreast of regional and industry developments and incorporates trends into the processing or supervision of projects.
• Handle disbursements, waivers and complex client interactions such as restructurings; monitor and value equity investments and recommends/executes the sale of holdings.
• Follow up-with mid and senior level clients to resolve problems on projects.
• Monitor existing investments in portfolio companies, comprising various types of financial entities.
• 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.
Selection Criteria
• Master’s degree in finance, economics or other related areas; as CFA or CPA accreditation is considered a plus.
• At least 7-9 years of relevant experience in the financial sector, with a proven track-record of sourcing, structuring and closing investments preferably both in equity and debt, including through the capital markets; experience in portfolio management.
• Good understanding of financial and operational characteristics of financial institutions, including their business drivers and scope of operations.
• Good understanding of IFC’s financial instruments, requirements, main investment agreements/ standard contracts and provisions, all aspects of transactions to provide input for optimal structuring of a prospective opportunity, and internal deal and portfolio processing.
