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 2022, IFC committed a record $32.8 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, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. It helps developing countries achieve sustainable growth by financing investment, mobilizing capital in international financial markets, and providing advisory services to businesses and governments. IFC’s strategy focuses on “creating markets” through mobilizing private investment. For more information, please visit www.ifc.org
IFC has embarked on an ambitious new strategy to stimulate more investment activity, especially in Low Income Countries (LICs) and Fragile and Conflict affected States (FCS). This new strategy aims at creating our own opportunities for private investments in riskier markets by proactively working in these countries to create, deepen, and expand the markets themselves. The Creating Markets strategy requires taking a systematic approach that draws on Country Strategies together with diagnostic tools, including Country Private Sector Diagnostics (CPSDs) and Sector Deep Dives. This strategy also calls for a closer WBG collaboration in order to identify and prioritize operations at the country and sector level based on the Cascade.
IFC’s Public-Private Partnership Transactions Advisory department (CTA) is critical to the Creating Markets strategy by helping implement the cascade. It provides sell-side financial advisory services to client governments with the purpose to increase access to basic infrastructure and social services by facilitating private investments in these sectors. Specifically, the team acts as Lead Transaction Advisor to governments to structure and implement public-private partnerships (PPP) transactions across all infrastructure sectors, e.g. power, water, transportation, and telecommunications, as well as social sectors such as health and education.
CTA is looking to recruit an Associate Investment Officer (AIO)) for its Europe Region. The position is based in Belgrade, Serbia, and reports to the Regional Manager for PPP Transaction Advisory Services in ECA based in Vienna, Austria. The AIO shall work closely with the Belgrade-based CTAPP team, as well as with CTA team members from other offices as project work may require.
Roles and Responsibilities:
• In collaboration with the IFC Country Officers, develop and strengthen business relationships with existing and new clients;
• Proactively help develop a strong pipeline of PPP projects trough origination/business development and employing sector/country;
• Understand the legal and regulatory impediments for private sector participation for assigned countries and work closely with the other parts of the World Bank Group to overcome these;
• Undertake project scoping to assess feasibility of potential projects, assist team leaders in origination activities and marketing activities, e.g. supervision of proposal preparation, mandate negotiation with clients;
• Hiring and managing of specialized consultants for technical, legal, E&S, insurance, tax and other transaction matters as needed;
• With support from specialized consultants participate in comprehensive technical, E&S, legal and financial project due diligence;
• Carry out preparation of financial models and financial analysis of projects;
• Contribute to the preparation of market sounding exercises, including early stage discussions on project bankability with potential investors;
• Participate and develop transaction structuring options for PPP projects, including recommendations on allocation of risks between private and public sector, and prepare relevant client presentation materials;
• Contribute to preparation of transaction documents, including pre-qualification, project agreements and requests for proposals;
• Prepare the project marketing materials, including easers, information memoranda, etc;
• Participate in negotiations with potential investors;
• Participate and/or take a lead in meetings with government clients and investors;
• Actively participate in the development and implementation of upstream activities in line with IFC 3.0 to create, deepen and expand markets with the regional and global team from across IFC and the WBG;
• Participate in different WBG groups initiatives particularly on the Maximizing for Finance (MFD) agenda to assess opportunities for PPPs in the WBG operations, where possible and to provide bespoke solutions to our clients to achieve sustainable development impact;
• Assist in other projects or strategy related activities as the need may arise.
Selection Criteria
• MBA or equivalent qualification (CFA, Masters in Finance, etc.);
• Minimum 4 years of relevant experience in area of transaction advisory, investment operations, M&A or privatization advisory on buy and/or sell side, project finance, private equity, project management or other relevant field;
• Ability to conduct research and analysis to gather and summarize project/sector/country/ other benchmarking information, and articulate issues and recommend solutions;
• Strong analytical and problem-solving skills as well as sound business judgment to identify issues and present creative and practical solutions
• Excellent process and project management skills, with the ability to work independently, seeking guidance on complex issues from senior staff, to ensure approval system workflow and document requirements are met per IFC’s policies and procedures;
• Strong analytical and financial modeling/structuring skills and demonstrated ability to:
o Independently develop own financial models and sound financial analysis of the models to draw conclusions and/or supervise preparation of financial models and financial analysis of projects;
o Contribute to structuring or restructuring of transactions to ensure prudent and sustainable risk sharing among all parties;
• Ability to manage different types of consultants and review legal and technical outputs, documentation and financial models;
• Ability to operate in large, culturally diverse and geographically dispersed teams;
• Ability to work under pressure and deliver high quality work within deadlines to meet team objectives;
• Ability to interact directly and independently with relevant stakeholders, including consultants, investors, and government officials;
• Willingness and ability to travel on short notice and frequently, as required;
• Excellent communication skills in English is essential; other regional language preferred but not essential;
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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This vacancy is archived.