Associate Investment Officer

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Description

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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 2023, IFC committed a record $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. 

IFC has embarked on an ambitious new growth strategy (IFC 3.0) to stimulate more investment activity. This strategy calls for generating unique opportunities by proactively working “Upstream” to create, deepen, and expand markets and to imagine, design, and implement investment projects. It requires taking a systematic approach to understanding the regulatory and sector bottlenecks that prevent the flow of private capital into productive investment in our member countries and addressing these bottlenecks through World Bank Group engagement on policy reforms and programmatic interventions at the country and sector level. This strategy also calls for working with Governments and World Bank colleagues to 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. This approach is called the “Cascade”.

IFC’s Infrastructure Department is looking to hire an Associate Investment Officer to join IFC’s infrastructure investment team covering primarily the MCT Region (Middle East, Central Asia, Türkiye, Afghanistan, and Pakistan). The selected candidate will be based in Istanbul, Türkiye, and will be an integral part of the investment team working across the business cycle (business development, “upstream”, new investments, and portfolio), but with a focus on leading and/or supporting business development, processing and managing IFC’s investments throughout the life of IFC’s investments.

Roles and Responsibilities

The role and responsibilities of the position will include but not be limited to:

• Perform credit and risk assessments, financial projections, covenant compliance reviews (debt), and monitor changes to risk flags for determining performance assigned to a portfolio, with limited supervision. Supervise and ensure the quality of portfolio reporting information prepared by junior staff, providing broader industry, subsector, and country perspectives on project risks and issues
• Lead and/or coordinated mapping and screening of business opportunities in infrastructure sectors; undertaking market research and performing corresponding integrity checks
• Collaborate in developing client strategies engagement plans and pitchbooks for various sectors and countries, and conduct sector analysis to be used as input to sector strategies
• Support the development of a strong pipeline of good-quality investment opportunities by anticipating market trends and employing sector/country knowledge
• Draft and present Concept Review Notes for discussion with management of relevant business opportunities
• Support transaction teams during investment due diligence. Evaluate, structure, negotiate, and close new transactions from the mandate stage
• Coordinate closely with Social, Environmental, Legal, and Technical specialists to add value to our client’s businesses, find pragmatic solutions to specific sector challenges, and achieve sustainable development impact
• Support negotiation/documentation stages of transactions; use strong negotiation skills to develop solutions and overcome impasses in straightforward and complex transactions
• Actively manage and/or support portfolio investments, including potential restructurings, rescheduling, processing waivers, disbursements, capital increases, equity sales etc
• Support teams managing relationships with clients, global and regional private businesses, banking and multilateral partners, and government officials to further develop the sector and to develop specific investment opportunities
• Gather market intelligence, and analyze strategically important portfolio trends, and emerging risks and opportunities

Selection Criteria:

• Master’s degree or equivalent professional qualification in Business, Finance, Economics, or other relevant field
• At least five years of relevant experience in infrastructure project investment and financing activities with a proven track record in areas of sourcing, structuring, and closing investments and/or supervising loan and equity exposures including working on restructurings, modifications, and negotiated exits
• Strong financial and credit skills; demonstrated ability to structure a variety of financial instruments including project finance, corporate debt, and equity is a plus
• Demonstrated knowledge of infrastructure sectors, such as power, transportation, utilities, natural resources, telecoms, and technology; industry trends and opportunities in the sub-region countries, and understanding of local issues
• Prior experience in IFC/World Bank operational countries in the MCT Region is a plus
• Ability to interact directly with potential clients, and financial and technical partners
• Genuine commitment to development and the World Bank Group and IFC’s mission, strategy, and values
• Excellent people skills, openness to feedback, new ideas, and ability to guide, and motivate others
• Strong interpersonal skills, ability to interact effectively with clients and colleagues from various cultural backgrounds
• Excellent verbal and written communication skills in English

Source:  https://worldbankgroup.csod.com/ats/careersite/JobDetails.aspx?id=26938&site=1

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