Company Info
Large organization
International Finance Corporation (IFC), a sister organization of the World Bank and member of the World Bank Group, is the largest global development institution focused on the private sector in developing countries. The Bank Group has set two goals for the world to achieve by 2030: end extreme poverty and promote shared prosperity in every country.
200 + Employees
International Finance Corporation (IFC), a sister organization of the World Bank and member of the World Bank Group, is the largest global development institution focused on the private sector in developing countries. The Bank Group has set two goals for the world to achieve by 2030: end extreme poverty and promote shared prosperity in every country.
1). Senior Investment Officer
Vacancy no.: req27839
Location: Lagos
Employment Type: Contract
Grade: GG
Sector: Investment
Term Duration: 3 years
Description
- IFC is recruiting a Senior Investment Officer as part of its Regional Manufacturing, Agribusiness and Services (MAS) team in Africa. The selected candidate will provide expertise in the Manufacturing sector to the IFC MAS regional industry teams in Africa.
- This role requires strong and demonstrated technical skills in sourcing, structuring, negotiating, and executing transactions and in portfolio management.
- The Senior Investment Officer will also have a significant role in setting strategies to grow IFC’s Africa Manufacturing business, as well as day-to-day responsibilities leading transactions, and portfolio management.
- She/he will report to IFC Regional Industry Manager, Manufacturing & Chemicals, for West, Central, North Africa, and Horn of Africa.
Duties and Accountabilities
- Develop a strong pipeline of good quality investment opportunities through proactive origination/business development and developing and employing sector/country knowledge.
- Build and maintain strong relationships with regional clients, businesses, banking and multilateral partners and government officials to further develop the sector and to develop specific investment opportunities.
- As team leader and sector investment specialist, evaluate, structure, negotiate, and close new transactions, portfolio restructurings, rescheduling, capital increases, equity sales, as necessary.
- Develop innovative and appropriate financial structures for complex transactions;
- Lead term sheet negotiation/legal documentation process; use strong negotiation skills to develop solutions and overcome impasses in straightforward and complex transactions.
- Conduct upstream work to enhance business enabling environment of selected sector/country collaborating with World Bank, IFC Advisory and other development partners, to create medium/long-term investment opportunities for IFC (“IFC 3.0”).
- Mentor and develop junior staff.
- Assist in the formulation, monitoring and updating of IFC’s strategy in the Manufacturing sectors in Africa region, working with IFC’s industry and regional departments and in close coordination with the World Bank.
- Coordinate closely with social, environmental, governance, and technical assistance colleagues in order to add value to our clients’ businesses, find pragmatic solutions to the specific sector challenges, and achieve sustainable development impact.
- Support in providing thought leadership within the team, specifically on the Manufacturing sectors- such as building materials, chemicals, automotives, consumer goods, amongst others.
Selection Criteria
- MBA or equivalent qualification.
- 10 – 12 years of experience in corporate and/or project finance with a proven track record of sourcing, structuring and closing investments.
- Excellent financial, credit and equity skills; demonstrated ability to creatively structure a variety of complex debt and equity instruments.
- Expertise in the Manufacturing sector.
- Experience in Africa will be a plus (but not mandatory).
- Proactiveness, strong business development and client relationship skills, and ability to focus on client needs effectively.
- Ability to interact directly and independently with the senior management of potential clients, financial and technical partners, as well as senior government officials.
- Sound business judgment in identifying potential business partners and investment opportunities.
- Strong written and verbal communications skills in English.
- Strong interpersonal skills, ability to interact effectively with clients and colleagues.
- Team player. Ability to work sensitively and effectively in a multicultural setting.
- Takes personal responsibility and accountability for timely response to client queries, requests or needs, working to remove obstacles that may impede execution or overall success.
- Willing to travel (or live) in various regions in Africa (as long as safety standards are met based on the World Bank Group standards).
- Strong passion in sustainable economic development.
- Exceptional attention to detail.
- Strong research and quantitative skills.
- Strong Computer skills to develop user-friendly/punchy analyses/presentations (word, excel, and Powerpoint).
Remuneration
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.
Application Closing Date
4th July, 2024 (11:59pm UTC).
Note: 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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2). Principal Investment Officer
Vacancy no.: req27836
Location: Lagos
Employment Type: Contract
Grade: GH
Sector: Investment
Term Duration: 3 years
Description
- The Manufacturing, Agribusiness and Services (MAS) Africa Department is recruiting a Hub lead New Business, Manufacturing & Services (M&S) to join the M&S team, which is responsible for sourcing and executing investment transactions in the M&S sectors.
- The Hub lead would cover the Lagos, Cameroon, and Ghana CMU clusters.
- This is a senior role that requires strong and demonstrated technical and structuring skills as well as leadership, resource and change management, and relationship skills.
- The Hub lead will be based in Lagos (Nigeria) and will report to the Regional Industry Manager, Manufacturing for West, Central, North Africa, and Horn of Africa.
Duties and Accountabilities
- The Hub lead, PIO, will work closely with colleagues in the country offices, and in Washington DC, on M&S sector strategies, business development, transaction execution, portfolio supervision, and client relationship management.
The responsibilities include but are not limited to:
- Lead the M&S business (with emphasis on business development and also execution of strategic transactions) in the country clusters under coverage by deepening the strategic approach across the different sub sectors and in alignment with the overall strategies in Africa and relevant countries under coverage in close collaboration with the team and across relevant WBG units.
- Work closely with the sector leads and managers of the M&S team to jointly develop a strong business pipeline.
- Assess the attractiveness of specific investment opportunities with a strong focus on credit quality and development impact and make recommendations to IFC’s management in order to build an overall strong M&S portfolio. Periodic knowledge management sessions to develop team capacity in assessing opportunities.
- Proactively identify potential investment partners and opportunities based on industry experience, reputation, market potential, financial capability, and strategic fit.
- Support the team in developing strong relationships with key counterparts in the private and public sector as well as development partners and manage key strategic client relationships.
- Execute loan, equity, and mezzanine financings including processing mandates, conduct due diligence, structuring deals, negotiate terms and documentation, arrange syndications, and process internal approvals. Main focus on execution of strategic transactions in this role and supporting the teams on execution of transactions.
- 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.
- Monitor clients’ compliance with the terms of investment agreements, prepare timely supervision reports, identify early warning signs, and, when necessary, formulate/implement strategies for work-outs, restructurings or rescheduling.
- Provide high quality client service throughout the project cycle from transaction sourcing and processing to supervision.
- Supervise and mentor more junior colleagues in the different relevant offices of the coverage.
Selection Criteria
- MBA, Master’s Degree in Finance or equivalent
- At least 12-15 years of work experience for a major commercial or investment bank with significant emerging markets presence, an international financial institution or a private equity firm
- Experience in investment transaction, with proven success in developing client relationships as well as sourcing, negotiating, structuring and closing quality investments and strong knowledge and prior experience in the tourism, retail and property sectors
- Knowledge of and experience in emerging markets a plus (particularly in Africa)
- Strong business judgment in identifying potential business partners
- Strong financial and credit skills; sound business judgment and demonstrated ability to structure a variety of financial instruments (debt and equity)
- Client relationship skills, track record and ability to focus on client needs effectively
- Ability to interact directly and independently with the senior management of clients, financial and technical partners as well as senior government officials
- Strong people management, interpersonal and leadership skills, ability to work successfully in multicultural teams and across boundaries and to build networks across the region, including the ability to mentor and coach others to achieve results
- Excellent organizational, administrative, and time management skills
- Proven ability to work independently and deliver promptly and efficiently under pressure and meet tight deadlines
- Willingness to travel extensively and geographic flexibility
- Excellent verbal and written communication skills in English. Fluency in other languages, particularly French is a plus.
Remuneration
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.
Deadline: 4th July, 2024 (11:59pm UTC).
How to Apply: Interested and qualified candidates should use the links below to apply:
Note: 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.