Investment Officer
Job #: req22026
Organization: IFC
Sector: Investment
Grade: GF
Term Duration: 3 years 0 months
Recruitment Type: Local Recruitment
Location: Dakar,Senegal
Required Language(s): English ,French
Preferred Language(s):
Closing Date: 4/18/2023 (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 Financial Institutions Group (FIG), one of IFC’s industry
departments, supports projects in numerous financial sub sectors,
partners with local financial institutions, develops domestic and
regional equity and debt markets and introduces new financing
instruments. The goal is to develop efficient financial systems that
will increase financial inclusion and fuel economic growth in client
countries and enhance IFC’s developmental impact.
FIG is recruiting an Investment Officer to join the Investment Team,
which originates, manages and monitors IFC’s financial sector
investments across Africa. The Investment Officer will report either
to the FIG Regional Industry Manager covering West and Central
Africa (WCA).
The position will be based in Dakar, Senegal.
Duties and Accountabilities:
• Handle client relationships and provide insight into sector developments in
client countries to anticipate new investment opportunities and/or
performance issues.
• Provide key support, and in some cases lead in identification, appraisal,
structuring and negotiation of financial sector investments.
• Identify and analyze fundamental competitive strengths and weaknesses of
projects or portfolio companies and identify non-financial issues, opportunities
and risk/reward factors (e.g. business environment, country, and sponsor).
• Work closely with Fintech and Disruptive Technology teams to support
development of strategic partnerships with FinTech companies and expand
IFC’s FIG services to include innovative digital technologies.
• Handle disbursements, waivers and complex client interactions such as
restructurings; monitor and value equity investments and
recommends/executes the sale of holdings.
• Monitor existing investments in portfolio companies, comprising various
types of financial entities.
• Review and analyze the financial and operating performance of clients;
prepare quarterly risk ratings, annual supervision and other management
reports as well as country strategy papers, briefs and project profiles.
• Apply knowledge of project/portfolio lifecycle to identify and meet critical
path milestones, and to implement tasks (including production of documents)
in a timely and high-quality fashion for the processing or supervision of
projects.
• Actively keep abreast of regional and industry developments and
incorporates trends into the processing or supervision of projects.
Selection Criteria
• Master’s degree and 7-9 years of relevant experience in the financial
sector, preferably in an investment-related function and/or the private
equity industry.
• Good understanding of financial and operational characteristics of financial
institutions.
• Clear experience and expertise in identifying, evaluating, structuring and
negotiating debt and equity transactions; experience in portfolio
management.
• Solid understanding of the FinTech space, including ability to develop
strategic partnerships with FinTech companies.
• Sound business judgment and strong problem solving/negotiation skills,
as well as ability to work effectively on simultaneous projects under time
pressure.
• Excellent verbal and written communication skills in English and French.
• A keen interest in development finance and working in a multicultural
environment.
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.
