Associate Investment Officer

Contract

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Associate Investment Officer

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 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. For more information, visit www.ifc.org.

IFC’s Transaction Advisory Department (CTA) is composed of two divisions: (i) the Public Private Partnership (PPP) Division; and (ii) the Corporate Finance Services (CFS) Division. IFC’s Public-Private Partnership (PPP) Transaction Advisory Services provides sell side financial advisory services and acts as Lead Transaction Advisor to governments to structure and implement PPP and privatization transactions, primarily for provision of public services. Its aim is to increase access to basic infrastructure (electricity, water, transportation and telecommunications) and social services (health and education) as well as facilitate private investments. Drawing on more than 25 years of experience with over 360 projects completed in 102 countries, the Division currently has over 100 staff across the globe, with technical, financial, contractual and procurement expertise. The team is managing around 100 active client engagements to help national and municipal governments partner with the private sector to improve basic services such as electricity, health, education, sanitation, and roads. IFC’s PPP Division also draws on the World Bank’s expertise in institutional reforms, sector structuring, legal and regulatory frameworks, tariff structures and regulation, and international best practice to strengthen and complement IFC’s transaction-oriented approach.

The CFS Division provides transaction advisory services to private sector clients, focusing on Mergers and Acquisition (M&A) advisory solutions and providing ad hoc structuring advice. Through M&A advisory, CFS provides buy side and sell side services, helps clients creating opportunities and entering new markets or identifying and attracting new partners and investors. CFS focuses on cross-border transactions, mobilizes third party capital and brings clients into new markets. With this work, CFS contributes to de-risking IFC investments, building new client relationships and generating a systematic deal flow.

The team focuses on advising on the following types of transactions across all infrastructure sectors with a particular focus on energy, transport and social sectors:

• Public-Private Partnerships e.g., BOT type concessions;

• Management and lease contracts; and

• Restructuring and privatization of state-owned enterprises.

The CTA Africa team is looking to recruit an Associate Investment Officer (AIO) for its East Africa (EA) sub regional team to support the whole PPP transaction process of IFC acting as Lead Transaction Advisor and potentially on CFS mandates. The IO will work under the supervision of the EA Hub Lead.

The position is based in Nairobi (Kenya) and reports to the Regional Manager for PPP Transaction Advisory Services in Africa.

Role & Responsibilities:

The AIO’s work will involve supporting the implementation of advisory mandates of a variety of types, including business development, interactions with clients, developing terms of reference, procurement and supervision of consultants, preparation of presentations and reports, financial modeling and due diligence, transaction structuring, drafting bidding documents and managing bidding processes, interacting with investors. Duties will include, but will not be limited to:

• Contribute to origination and marketing activities including preparation of pitch books and proposals;

• Assist in due diligence management, preparation of due diligence and transaction structuring reports, and review of legal, commercial, and technical outputs and documentation;

• Perform financial analysis and modeling;

• Assist in preparation of information memorandums, pre-qualification and tender documentation;

• Assist in marketing to potential investors, conducting international competitive tenders and commercial/financial closure;

• Work closely with EA Hub Lead and EA team on sub-regional strategy, origination activities, and HR/staffing related matters;

• Assist in coordinating closely with other parts of IFC including environmental and social, legal, other advisory and investment departments as well as World Bank colleagues in order to provide comprehensive and bespoke solutions to clients that will achieve sustainable development impact;

• Execute projects from mandate signature, through due diligence, prequalification, tendering and award, to the finalization and execution of all project agreements leading to financial close;

• Potential support/intervention on Corporate Finance related mandates, both in terms of origination and execution;

• Coordinate with different WBG groups particularly on the Private Capital Mobilization 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

• Prepare memos and documentation for internal approval and consultant procurement processes, as well as managing project budget;

• Participate in meetings with government clients and investors;

• Assist in other project or strategy related activities as the need may arise (research, reporting, etc.).

Selection Criteria

• MBA or equivalent Post Graduate degree in business, finance or economics.

• Solid and relevant experience of at least 4-6 years gained either in project finance, corporate finance, M&A and privatizations, or private equity funds in infrastructure.

• Minimum 1-2 years of experience of sell-side PPP advisory is considered a plus.

• Knowledge of overall industry sector trends and experience in infrastructure transactions/PPPs preferably in Africa, with a proven track record.

• Business development and client relationship skills, track record and ability to focus on clients’ needs effectively.

• Strong track record of contractual and/or financial closings of infrastructure transactions.

• Strong existing relationships with government officials, project developers, investors, and technical and legal consultants in the infrastructure space in Africa are preferred.

• Experience in dealing with government clients, investors and multiple stakeholders of infrastructure projects.

• Ability to work with teams in multiple transactions, delivering high quality work within deadlines, and to meet team objectives.

• Strong analytical and financial modeling/structuring skills and demonstrated ability to:

• Work on a variety of transaction advisory, debt and equity transactions.

• Independently develop financial models and sound financial analysis of the models to draw conclusions.

• Structure or restructure transactions to ensure prudent and sustainable risk sharing among all parties.

• Strong analytical and conceptual skills and ability to communicate ideas clearly and confidently (written and oral).

• 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.

• Willingness and ability to travel on short notice and frequently, as required.

• Excellent oral and written communication skills in English is essential.

• Knowledge of French and/or Portuguese is considered a plus.

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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