World Bank Group
tendersglobal.net
Job Description
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Description
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Distressed Asset Recovery Program (DARP) focuses on making investments in the distressed assets space, investing both in local operating partners and investment facilitates. DARP has a successful track record of transactions and IFC is looking to expand its investment activities in this line of business. As a result, IFC is looking to identify an Investment Officer to join the FIG DARP team, with the aim to continue to scale up DARP’s business, as well as strengthen the management of the existing DARP portfolio.
The Investment Officer will be based in DC or one of IFC FIG hubs in LAC/Europe, based on business needs; report to the Global Head of DARP. His/her primarily geographic focus will be LAC/Europe with the flexibility to work in other regions as needed.
Roles & Responsibilities:
- Coordinate within FIG and with regional management and the joint WB/IFC Finance, Competitiveness and Innovation (FCI) team to define DARP’s regional strategy, prioritize areas of focus, and establish goals for the business and the team;
- Develop a strong pipeline of good quality investment opportunities through anticipating market trends and employing sector/country knowledge;
- Evaluate, structure and negotiate new transactions in order to make recommendations to IFC’s management;
- Lead execution, use strong negotiation skills to develop solutions and overcome impasses in straightforward and complex transactions;
- Actively oversee the supervision and management of the current DARP portfolio, working closely with portfolio staff, aiming to preempt problematic situations and being able to react quickly;
- Manage the relationship with existing DARP clients and build new relationships with local and global investors in the distressed assets space;
- Provide support to project teams by bringing product knowledge;
- Mentor junior staff;
- Assist in other project or strategy related activities as the need may arise.
- Master’s degree in finance, economics or other related areas; accreditation as a CFA or CPA is considered a plus;
- Minimum 10-12 years of experience in finance, with evidence of growing expertise in banking, financial institutions and finance related disciplines;
- Strong financial and credit skills; demonstrated ability to structure a variety of complex financial instruments (debt and equity);
- Ability to interact directly and independently with the senior management of potential clients, of financial and technical partners as well as senior government officials;
- Good management skills with proven track record of success in developing client relationships and execution of client engagements;
- Strong track record of negotiating more complex transactions;
- Experience in distressed assets acquisition, management, and resolution, either as investor or servicer/manager. Previous exposure to DARP new transactions and portfolio projects;
- Knowledge and experience in international economic development areas and commitment to sustainable development;
- Excellent business judgment and strong analytical and problem-solving skills to identify issues and present creative, practical solutions;
- Great team player, able to mentor and train more junior staff;
- Capacity to deal with conflicting priorities and deliver high quality work on schedule; facility to work successfully in multicultural teams and across boundaries;
- Excellent oral and written presentation skills in English are required; additional major language desirable;
- Willingness to travel.
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