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 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. For more information, visit www.ifc.org

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 Investment Officer to join IFC’s infrastructure Upstream & Advisory team covering primarily the MCT Region (Middle East, Central Asia, Turkey, Afghanistan, and Pakistan). The selected candidate will be based in one of the IFC Offices in Amman or Riyadh and will be an integral part of the upstream and advisory team working across the full business cycle (business development, upstream, new investments, and portfolio) across core infrastructure sectors. Duties and Accountabilities:

• Lead and contribute to upstream project design, planning and execution across a range of initiatives carried out by the Infrastructure upstream team in MCT. Support the identification and assessment of Upstream opportunities based on country and sector strategies and market creation potential. • Participate in discussions with existing or prospective clients to understand their strategies, and operations from a climate standpoint. Pitch upstream/advisory value addition to clients. • Develop strong relationship with clients, partners, and other stakeholders to identify potential investment opportunities at early stage. • Investigate bankability of business models and project concepts; undertake preliminary structuring of investment transactions; map out paths and milestones to investment concept approval. • Conduct targeted research to enable appropriate project design, including assessment of sector dynamics, identification of market gaps/barriers, and analysis of economics of products and services in the market. • Develop excel based models to analyze, estimate and/or forecast transaction economics, project scenarios, and partner/client financials. • Collaborate closely with the Infrastructure investment team to ensure successful conversion from upstream projects to investment transactions; support processing of transaction concepts enabled by upstream work. • In alignment with the integrated upstream, investment, portfolio team culture of the MCT Infrastructure Team, play a fungible role by supporting the execution and monitoring of the new business and portfolio transaction as per the business needs. This is to be delivered by engaging with the private sector and senior officials in governments, sub-national governments, WBG and other development organizations, and by uncovering needs through strategic analysis, including IFC country strategies and WBG strategies. • Coordinate closely with global infrastructure colleagues, social, environmental, and technical assistance colleagues to add value to our clients' businesses, find pragmatic solutions to the specific sector challenges, and achieve sustainable development impact. • Support relationship management with World Bank, government, and private sector stakeholders in support of project design and execution. Support World Bank and MIGA colleagues on sector reforms and unblocking constraints for attracting private sector investments. • Contribute to the development of feasibility studies and implementation plans for Upstream projects that lead to IFC investments • Prepare necessary upstream portfolio supervision documents, and report development results internally and externally, on a timely and expeditious basis and using best practice standards.

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. For more information, visit www.ifc.org

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 Investment Officer to join IFC’s infrastructure Upstream & Advisory team covering primarily the MCT Region (Middle East, Central Asia, Turkey, Afghanistan, and Pakistan). The selected candidate will be based in one of the IFC Offices in Amman or Riyadh and will be an integral part of the upstream and advisory team working across the full business cycle (business development, upstream, new investments, and portfolio) across core infrastructure sectors. Duties and Accountabilities:

• Lead and contribute to upstream project design, planning and execution across a range of initiatives carried out by the Infrastructure upstream team in MCT. Support the identification and assessment of Upstream opportunities based on country and sector strategies and market creation potential. • Participate in discussions with existing or prospective clients to understand their strategies, and operations from a climate standpoint. Pitch upstream/advisory value addition to clients. • Develop strong relationship with clients, partners, and other stakeholders to identify potential investment opportunities at early stage. • Investigate bankability of business models and project concepts; undertake preliminary structuring of investment transactions; map out paths and milestones to investment concept approval. • Conduct targeted research to enable appropriate project design, including assessment of sector dynamics, identification of market gaps/barriers, and analysis of economics of products and services in the market. • Develop excel based models to analyze, estimate and/or forecast transaction economics, project scenarios, and partner/client financials. • Collaborate closely with the Infrastructure investment team to ensure successful conversion from upstream projects to investment transactions; support processing of transaction concepts enabled by upstream work. • In alignment with the integrated upstream, investment, portfolio team culture of the MCT Infrastructure Team, play a fungible role by supporting the execution and monitoring of the new business and portfolio transaction as per the business needs. This is to be delivered by engaging with the private sector and senior officials in governments, sub-national governments, WBG and other development organizations, and by uncovering needs through strategic analysis, including IFC country strategies and WBG strategies. • Coordinate closely with global infrastructure colleagues, social, environmental, and technical assistance colleagues to add value to our clients' businesses, find pragmatic solutions to the specific sector challenges, and achieve sustainable development impact. • Support relationship management with World Bank, government, and private sector stakeholders in support of project design and execution. Support World Bank and MIGA colleagues on sector reforms and unblocking constraints for attracting private sector investments. • Contribute to the development of feasibility studies and implementation plans for Upstream projects that lead to IFC investments • Prepare necessary upstream portfolio supervision documents, and report development results internally and externally, on a timely and expeditious basis and using best practice standards.

Selection Criteria

• Master’s in Business Administration or Finance, or a Master’s degree or equivalent professional qualification in Economics, International Relations, Science, Engineering, or other relevant field, in each case with a significant level of finance content. • At least 5 years of relevant professional experience in investment/corporate banking, project finance, project and/or program development, hands-on advisory and/or consulting functions in emerging markets, ideally in the infrastructure space • Substantial expertise in identifying, evaluating, structuring and negotiating debt, equity and or risk sharing transactions; robust understanding of investment products and bankability criteria. • Excellent business development and client relationship skills, ability to understand and respond to client needs effectively. • Substantial knowledge of Infrastructure sectors in general; familiarity with markets in Middle East, Central Asia, and Turkey would be a plus. • Ability to engage with private sector clients, local and national governments, and other stakeholders to encourage pioneering business and market development. • Demonstrated experience conducting and distilling market-oriented research, creating and refining excel based financial models, and applying a creative approach to problem solving in a project design/implementation context. • Knowledge of a theme/sub-sector of interest to the infrastructure upstream program in MCT (Transport, TMT, Renewable Energy and Power, Water, and Cities) would be a plus. • Excellent organizational and time management skills; ability to manage a large number of simultaneous tasks under time pressure and deliver consistently at agreed deadlines. • Excellent people skills, openness to feedback, new ideas, and ability to guide, and motivate others. • Strong inter-personal skills, ability to interact effectively with clients and colleagues from various cultural backgrounds. • Genuine commitment to development and to the World Bank Group and IFC's mission, strategy and values. • Prior experience in IFC/World Bank operational countries. • Excellent verbal and written communication skills in English are required; fluency in MCT other languages is 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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