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 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. 

IFC Equity Mobilization Department (AMC) within the Treasury & Syndications Vice President Unit (VPU) at IFC, mobilizes and manages capital for private equity investments in emerging markets. AMC was created in 2009 to provide investors with access to IFC’s emerging markets investment pipeline and to expand the supply of long-term capital to these markets, enhancing IFC’s development goals and generating profits for investors by leveraging IFC’s global reach, standards, investment approach, and track record. AMC has raised US$10.2 billion through thirteen investment funds that invest across a variety of sectors, geographies, and strategies.

AMC is currently in the process of launching two new funds fully aligned with IFC’s priorities. In addition, other new funds are being contemplated in the near term that supports IFC corporate priorities. Please see AMC’s website at www.ifcamc.org for more information on AMC’s business.

AMC is looking to hire an Investment Officer to work across two of its funds – IFC African, Latin American & Caribbean (ALAC) Fund and IFC Financial Institutions Growth (FIG) Funds. The position will be based in Washington, DC.

IFC African, Latin American and Caribbean Fund (ALAC Fund)

This fund is a US$1 billion sector agnostic fund (vintage 2009) that makes equity and equity-related investments in companies across Sub-Saharan Africa, Latin America, and the Caribbean. The fund has invested in more than 25 companies and is currently in the process of exiting its remaining portfolio.

IFC Financial Institutions Group Funds (FIG Funds)

These funds are currently managing growth equity and sub-debt investments in financial services sector companies (banks, insurance companies, non-bank financial institutions, and fintech companies) operating in emerging markets globally.

The Investment Officer will report to the Heads of the AMC-managed Funds with responsibilities including but not limited to:

Portfolio:

• Monitor portfolio companies and develop recommendations regarding portfolio actions including operational value creations, and divestments. 
• Proactively manage existing equity portfolio to increase the value of AMC and AMC-managed Funds, investee companies and funds and actively generate attractive returns for Limited Partners. 
• Contribute to high quality material for quarterly and annual fund reporting to LPs
• Support and work with other AMC funds on joint follow-on investments. 
• Assist in presentation of investment/exit proposals to the fund’s Investment Committee, articulating the detailed investment rationale and making concrete recommendations regarding proposed investments/exits.

Investor relations and fund raising:

• Establish strong credibility with investee companies, Limited Partners as well as the IFC investment teams and assist in providing timely delivery of information and reporting. 
• Participate in regular LP communications with fund team and Client Relations. 
• Contribute to the fundraising of any new AMC funds including research & development and drafting of PPM, and pitchbook material, participating in investor roadshow presentations as needed, creation and management of data room. 

Team:

• Work closely with the AMC-managed Funds teams and AMC’s Director in implementing effective fund administration, including investor liaison and reporting. 
• Work closely with IFC counterparts across all aspects of the businesses of AMC and AMC-managed Funds. 

Selection Criteria:

The successful candidate is likely to have worked for an investment bank, private equity firm, and/or consulting firm, preferably with a focus on emerging markets. He/she will have experience in valuation, structuring transactions, portfolio management and business strategy. He/she will possess familiarity with international best market practices and global trends in emerging markets; strong analytical skills, with experience in financial modeling; experience in structuring private equity deals, including an ability to mitigate risks and enhance returns; and expertise in negotiating complex deals. 

The successful candidate will have the following qualifications: 

• Master’s degree/MBA or equivalent degree with at least 6 years of relevant professional experience in an investment bank and/or private equity firm, focusing on principal investments. 
• Strong analytical and investment assessment skills, and sound knowledge of equity investment documentation, accounting, financial statement analysis and financial modeling (building projections, running valuation and scenario/return analysis). 
• Demonstrated client relationship skills including the ability to present to clients and interact effectively with counterparts at all levels. 
• Sound business judgment and problem solving, negotiation and commercial skills. Proactive, self-motivated, and well-organized with ability to work effectively under pressure in a diverse, team-oriented environment.
• Excellent oral and written communication skills in English are required, including a demonstrated ability to communicate complex ideas clearly and tactfully to a variety of audiences; fluency in one or more other languages would be a plus. 
• Demonstrated commitment to Diversity, Equity and Inclusion and Sustainable Development.
• Highly motivated and committed to highest ethical standards.
• Ability and willingness to travel frequently is required.

Source: https://worldbankgroup.csod.com/ats/careersite/JobDetails.aspx?id=27523&site=1

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