Associate Operations Officer

Job Title: Associate Operations Officer

Organization: IFC

Job #: req23485

Sector: Operations

Grade: GF

Term Duration: 3 years 0 months

Recruitment Type: Local Recruitment

Location: Johannesburg, South Africa

Required Language(s): English

Preferred Language(s): French, Portuguese

Closing Date: 7/21/2023 (MM/DD/YYYY) at 11:59pm UTC 

 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 has embarked on an ambitious growth strategy (IFC 3.0) to stimulate more investment activity, especially in Low Income Countries (LICs) and Fragile and Conflict affected Situations (FCS). This strategy calls for generating our own 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. It also requires the capacity to leverage WBG programs and projects to develop our own proactive sector interventions and to imagine and design projects even in the absence of reforms.IFC is seeking an Associate Operations Officer to join the Infrastructure Upstream team to be based in Johannesburg. The selected candidate will focus on supporting the Infrastructure Upstream pipeline supervision under the guidance of a Regional Upstream Lead. S/he will also support the team budgeting exercise, quality control, training, and knowledge-sharing efforts as well as other transversal tasks in relation to the team’s objectives.

Duties And Responsibilities:

Portfolio Reporting 

• Undertake effective preparation and timely delivery of pipeline review materials (excel, PowerPoint, etc.) 

• Follow up on updates with project teams in relation to project progress; serve as a source of information on project status, timetables, and milestones. 

• Ensure effective maintenance (update) of team dashboards (repository of information related to pipeline and pre-pipeline projects) 

• Ensure monitoring and tackling of exception lists, including efforts to proactively avoid projects being on the exceptions list 

• Undertake engagement with global and regional teams to ensure pipeline information is updated and aligned across the business 

• Engage with system supporting teams to assist teams with project management and system issues 

• Provide timely guidance to teams and management monitoring project and funding progress (budget envelope, PSRs, PCRs) 

 Funding and Report Management 

• Support management on fundraising efforts (fund and level), resource allocation, and aligning donor objectives with the department's work 

• Ensure strong strategic alignment of Infrastructure Upstream pipeline and funding 

• Support the management of the budget envelope & program (sources and uses, projects and business development) 

• Support project teams with donor reporting 

• Support project teams in drafting funding proposals for donors 

 Knowledge Sharing 

• Contributes new insights to understand situations and develop a solution 

• Identify and pursue innovative approaches to resolve issues relating to portfolio 

• Assist in requests from the team for various confirmations and information i.e., portfolio projects classification, project status, standard indicators.

Team Support 

• Assist in the preparation and planning of various events (conferences, workshops, negotiations, etc.) – in conjunction with sector experts and team assistants. 

• Assist in the preparation of client presentations and pitch books for business development. 

• Train the team assistants to support portfolio reporting. 

• Assist team in various tasks as required to support the Upstream activity 

• Participate in project conceptualization and execution as needed 

• Support select projects team as required for project execution

• Participate in other supporting tasks as required

Selection Criteria

• Master's degree or equivalent professional qualification in Economics, International Relations, Science, Engineering, or another relevant field.

• Four (4) to six (6) years of relevant experience in project and/or program development, hands-on advisory, and/or consulting functions in emerging markets, ideally in the infrastructure space.

• Familiarity with the Africa region, including hands-on work across different countries in the region.

• Genuine commitment to development and to the World Bank Group and IFC's mission, strategy, and values.

• Understanding of IFC’s strategic priorities and changing business model against the backdrop of IFC 3.0.

• Experience in project/program management, including executing against implementation plans with defined business development milestones.

• Experience in monitoring and reporting on a portfolio of projects/programs/initiatives.

• Outstanding analytical and critical thinking skills.

• Strong written and verbal communication skills in English required; French or Portuguese desirable.

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.

Learn more about working at the World Bank and IFC, including our values and inspiring stories.

Apply Now

Associate Investment Officer

Job Title: Associate Investment Officer

Organization: IFC

Job #: req23559

Sector: Investment

Grade: GF

Term Duration: 3 years 0 months

Recruitment Type: Local Recruitment

Location: Dakar, Senegal

Required Language(s): English

Preferred Language(s): French

Closing Date: 7/27/2023 (MM/DD/YYYY) at 11:59pm UTC 

 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.

The Sub-Saharan Africa Infrastructure unit is an open and dynamic team which delivers financial and technical support to clients in the power, transport, telecoms, municipal & environmental infrastructure, and natural resources sectors, from IFC’s own Balance Sheet and through mobilization of other capital. The department also seeks to maintain IFC, as part of the World Bank Group, at the cutting-edge of helping member countries find solutions to new and emerging infrastructure and natural resources issues.

IFC’s Infrastructure department is looking to hire an Associate Investment Officer to join IFC’s infrastructure investment team covering primarily West and Central Africa. The selected candidate will be based in Dakar, Senegal 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 business development, processing and managing IFC’s investments throughout the life of IFC’s investments. French and English are essential for this position.

Duties and Accountabilities:

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

•  Develop a thorough understanding of the infrastructure sector in Africa and help develop strong relationships with key local counterparts in the private and public sector as well as development partners.
•  Help develop a strong pipeline of good quality investment opportunities through anticipating market trends and employing sector/country knowledge.
•  Assess the attractiveness of specific investment opportunities with a strong focus on credit quality, viability and development impact and contribute to recommendations to IFC’s management.
•  Evaluate, structure, negotiate, and close new transactions as part of deal teams.
•  Participate in negotiations as appropriate, use financial competences and personal influencing skills to overcome impasses.
•  Work closely with IFC’s specialists to manage environmental, social, technical, legal, insurance, corporate governance, and other risks in projects and champion IFC’s sustainability offerings to clients.
•  Engage with clients to understand their business directions and challenges that may lead to new opportunities, and support the design of client engagement plans, as applicable.

Selection Criteria

•  Master's degree or equivalent professional qualification in Business, Finance, Economics, or another relevant field.
•  4 to 6 years of experience in finance 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 (debt and equity).
•  Demonstrated knowledge of the various infrastructure core sectors (power, transportation, utilities, telecoms, natural resources), industry trends and opportunities. 
•  Regional knowledge of countries and understanding of infrastructure challenges faced by countries within the sub-region and understanding of local issues.
•  Business development and client relationship skills, track record and ability to focus on client’s needs effectively.
•  Ability to interact directly with potential clients, and financial and technical partners.
•  Strong inter-personal skills, ability to interact effectively with clients and colleagues from various cultural backgrounds.
•  Genuine commitment to sustainable development and to highest ethical standards.
•  Outstanding verbal and written communication skills in English and French.

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.

Learn more about working at the World Bank and IFC, including our values and inspiring stories.

Apply Now

Associate Operations Officer

Job Title: Associate Operations Officer

Organization: IFC

Sector: Operations

Grade: GF

Term Duration: 3 years 0 months

Recruitment Type: Local Recruitment

Location: Johannesburg, South Africa

Required Language(s): English

Preferred Language(s): French, Portuguese

Closing Date: 7/21/2023 (MM/DD/YYYY) at 11:59pm UTC 

 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 has embarked on an ambitious growth strategy (IFC 3.0) to stimulate more investment activity, especially in Low Income Countries (LICs) and Fragile and Conflict affected Situations (FCS). This strategy calls for generating our own 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. It also requires the capacity to leverage WBG programs and projects to develop our own proactive sector interventions and to imagine and design projects even in the absence of reforms.IFC is seeking an Associate Operations Officer to join the Infrastructure Upstream team to be based in Johannesburg. The selected candidate will focus on supporting the Infrastructure Upstream pipeline supervision under the guidance of a Regional Upstream Lead. S/he will also support the team budgeting exercise, quality control, training, and knowledge-sharing efforts as well as other transversal tasks in relation to the team’s objectives.

Duties And Responsibilities:

Portfolio Reporting 

• Undertake effective preparation and timely delivery of pipeline review materials (excel, PowerPoint, etc.) 

• Follow up on updates with project teams in relation to project progress; serve as a source of information on project status, timetables, and milestones. 

• Ensure effective maintenance (update) of team dashboards (repository of information related to pipeline and pre-pipeline projects) 

• Ensure monitoring and tackling of exception lists, including efforts to proactively avoid projects being on the exceptions list 

• Undertake engagement with global and regional teams to ensure pipeline information is updated and aligned across the business 

• Engage with system supporting teams to assist teams with project management and system issues 

• Provide timely guidance to teams and management monitoring project and funding progress (budget envelope, PSRs, PCRs) 

 Funding and Report Management 

• Support management on fundraising efforts (fund and level), resource allocation, and aligning donor objectives with the department's work 

• Ensure strong strategic alignment of Infrastructure Upstream pipeline and funding 

• Support the management of the budget envelope & program (sources and uses, projects and business development) 

• Support project teams with donor reporting 

• Support project teams in drafting funding proposals for donors 

 Knowledge Sharing 

• Contributes new insights to understand situations and develop a solution 

• Identify and pursue innovative approaches to resolve issues relating to portfolio 

• Assist in requests from the team for various confirmations and information i.e., portfolio projects classification, project status, standard indicators.

Team Support 

• Assist in the preparation and planning of various events (conferences, workshops, negotiations, etc.) – in conjunction with sector experts and team assistants. 

• Assist in the preparation of client presentations and pitch books for business development. 

• Train the team assistants to support portfolio reporting. 

• Assist team in various tasks as required to support the Upstream activity 

• Participate in project conceptualization and execution as needed 

• Support select projects team as required for project execution

• Participate in other supporting tasks as required

Selection Criteria

• Master's degree or equivalent professional qualification in Economics, International Relations, Science, Engineering, or another relevant field.

• Four (4) to six (6) years of relevant experience in project and/or program development, hands-on advisory, and/or consulting functions in emerging markets, ideally in the infrastructure space.

• Familiarity with the Africa region, including hands-on work across different countries in the region.

• Genuine commitment to development and to the World Bank Group and IFC's mission, strategy, and values.

• Understanding of IFC’s strategic priorities and changing business model against the backdrop of IFC 3.0.

• Experience in project/program management, including executing against implementation plans with defined business development milestones.

• Experience in monitoring and reporting on a portfolio of projects/programs/initiatives.

• Outstanding analytical and critical thinking skills.

• Strong written and verbal communication skills in English required; French or Portuguese desirable.

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.

Learn more about working at the World Bank and IFC, including our values and inspiring stories.

Apply Now

Investment Officer / Portfolio Management

Job #:	131873
Title:	Investment Officer / Portfolio Management
Job Stream:	Investment
Location:	Johannesburg, South Africa
Closing Date:	09/08/2013
Background / General description:
IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in developing countries. We create opportunity for people to escape poverty and improve their lives. We do so by providing financing to help businesses employ more people and supply essential services, by mobilizing capital from others, and by delivering advisory services to ensure sustainable development.  IFC’s Infrastructure and Natural Resources Portfolio Management team in Sub-Saharan Africa is recruiting an Investment Officer who will be responsible for managing a cluster of portfolio investments (equity and loan) in Power, Transport, Telecom Media and Technology, and Oil and Gas sectors until exit. The position is based in Johannesburg, South Africa, and will report to the Manager, Portfolio Management, Sub-Saharan Africa. If the selected candidate is a current Bank Group staff member with a Regular or Open-Ended appointment, s/he will retain his/her Regular or Open-Ended appointment. All others will be offered a 3 year term appointment
Duties and Accountabilities:
Duties and Accountabilities  • Maintain and nurture good relationships with existing clients. Understand and proactively manage client needs while looking out for IFC’s interest; • Liaise with support departments such as Legal, Credit and E&S to ensure the existing projects are adhering to IFC’s policies and standards; • Help the Portfolio Manager formulate and execute client strategies;  • Understand and apply IFC’s Portfolio Operations and Supervision processes; • Independently process disbursements, waivers and other ongoing project related activities; • Prepare quarterly internal supervision reports for the assigned projects ; • Monitor and ensure compliance of existing investments with the investment agreements; • Effectively value existing equity investments (strong financial modeling skills are required);  • Identify early warning signals for the assigned projects and where necessary, formulate and implement intervention strategies for work-outs, restructuring or rescheduling; • Monitor equity holdings and develop and implement sales strategies to maximize IFC return and development impact;  • Ensure any downside risk is mitigated via relevant strategies, appropriate management actions, or through use of market based risk management instruments and strategies; • Identify opportunities for further business with existing clients in the areas of investment, technical assistance activities (e.g. linkages, sustainability) and financial services (e.g. carbon credits, clean technology); • Conduct sector and market research and assist in the preparation of country and sector strategy papers, briefs and project profiles. This would require working closely with the World Bank country and sector teams; • Extract and feedback lessons of experience from IFC’s earlier investments; • Mentor junior Infrastructure Department staff in the IFC South Africa Country Office.
Selection Criteria:
• MBA degree or equivalent and 5+ years’ experience in project and corporate finance, including successful promoting and processing of investments;  • Strong financial and credit analysis skills including financial modeling skills; • Demonstrated ability to structure projects and to close transactions; prior experience in working with clients after the initial investment has been made will be a substantial plus; • Sector focus in one or more of Power, Transport, TMT, Oil & Gas would be a substantial plus; • Strong interpersonal and leadership skills, and the ability to work successfully in multicultural teams and across boundaries; • Highly motivated, committed to highest ethical standards; • Strong sense of service to clients, openness to feedback and to new ideas; • Excellent communication skills in English; candidates with French language skills have a competitive advantage; • Committed to IFC’s goals and mission. Click here for further details and application