E T Consultant

Contract

This is a World Bank Group grade: EC1 contract. More about World Bank Group grade: EC1 contracts.

E T Consultant

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 2021, IFC committed a record $31.5 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 the COVID-19 pandemic. For more information, visit www.ifc.org

The Manufacturing, Agribusiness & Services (MAS) Industry Group plays an important role in supporting IFC’s strategic priorities, covering investments in the global manufacturing and services, agribusiness, health and education sectors. MAS’ sectors play a critical role in providing goods and services to consumers; addressing core needs, creating jobs, contributing to government revenue and stimulating growth. In IFC’s client countries, these sectors can account for as much as 80% of overall economic activity and can account for up to 90% of employment activity, particularly in the poorest countries.

MAS Africa is looking for an E T Consultant whose primary job will be to support the Portfolio Manager (PM) in the management of MAS’ regional debt and equity portfolio in the Africa region. The E T Consultant will provide analytical and administrative support to the PM by conducting portfolio data analysis, supporting portfolio management activities, and making recommendations on portfolio actions and monitoring investment compliance and reporting.

The E T Consultant will be an core of the portfolio team who are responsible for managing the portfolio of MAS in Africa regions.

This position is well suited for a self-motivated, highly responsive, and well-organized individual that is not only comfortable working with complex data sets – but is also creative in interpreting data and preparing meaningful and insightful presentations. A candidate should have strong analytical skills and experience in financial and data analysis, data reporting, and presenting findings in power point format.

The position will be located in Cairo, Egypt.

Duties and Accountabilities:

Responsibilities include, (but are not limited) to:

• Provide analytical support to PM in evaluating risk and recommending active portfolio management actions. Analyze trends and discuss quarterly changes in portfolio profitability metrics and returns (Cash Income, Controllable Cash Income, RAROC, IRR, Dividend Yields etc.), risk ratings and portfolio quality;

• Support all aspects of portfolio compliance activities including timely completion of risk ratings, quarterly monitoring and other supervision reports, loss reserves and valuation exercises, and ensure consistently high level of performance in portfolio compliance scorecard;

• Track progress with equity sales plan, dividends received, capital gains and portfolio returns. Review and comprehend stock analyst reports, and track analysts’ stock recommendations. Alert PM and IOs to company updates and changes in stock recommendations;

• Use Bloomberg to prepare regular reports on share price performance, trading volumes, market performance etc. and track performance of MAS’ listed equity portfolio vs. the market

• Monitor the collection of income and fees from loan portfolio clients. Inform PM and IOs of arrears. Follow up with IOs on outstanding payments and analyze impact to NPLs and profitability;

• Prepare quarterly portfolio reports, review such reports for accuracy and consistency in reporting. Analyze and interpret portfolio reports to prepare summary of portfolio performance for discussion at quarterly portfolio meetings;

• Support quarterly portfolio meetings by scheduling meetings, compiling materials, identifying areas of risk and concern, and benchmarking performance for the division.

• Address ad-hoc information requests from regional and senior management teams, and coordinate portfolio evaluation and impact exercises like stress tests related to external shocks and developments.

• Assist in the preparation of internal supervision documents (waivers, amendments, Disbursements, Spreading of financials for IRP) and IFC development outcome measurement indicators and insurance with input/guidance from the relevant IO

• Rigorously monitor timing of reporting compliance by IOs with persistent follow up on non-compliance

• Other tasks and activities related to portfolio management and coordination that may be assigned from time to time.

Selection Criteria

• Bachelor’s degree in business, finance, accounting or equivalent field

• Minimum of 2 years relevant work experience (finance, accounting etc)

• Without exception, excellent knowledge of Word, Excel, PowerPoint and aptitude to learn new systems and databases. Skills of data analysis using Excel pivot table or Power BI are required. Skills of Tableau is a plus.

• Strong report building skills with the ability to convert raw data into business insights

• Strong numerical, analytical and conceptual skills encompassing finance and the associated areas of investment and portfolio management.

• Excellent written, verbal communication and presentation skills in English is a must. Ability to speak Arabic or French is preferred.

• Ability to think independently, analyze problems and identify appropriate solutions is a must.

• Excellent organizational, administrative and time management skills with proven ability to work efficiently in parallel on multiple fronts under time constraints.

• Strong interpersonal skills and the ability to work with stakeholders at all levels (inside and outside IFC) with demonstrated teamwork and client service orientation is a must.

• Knowledge of the Africa region and regional business practices is a plus.

• Knowledge of IFC's portfolio procedures and processes, or strong previous relevant experience is a plus.

World Bank Group Core Competencies

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.

Note: The selected candidate will be offered a one-year appointment, renewable for an additional one year, at the discretion of the World Bank Group, and subject to a lifetime maximum ET Appointment of two years. If an ET appointment ends before a full year, it is considered as a full year toward the lifetime maximum. Former and current ET staff who have completed all or any portion of their second-year ET appointment are not eligible for future ET appointments.