IFC â a member of the World BankGroup â is the largest global development institution focused on the privatesector in emerging markets. We work in more than 100 countries, using ourcapital, expertise, and influence to create markets and opportunities indeveloping countries. In fiscal year 2023, IFC committed a record US$43.7billion to private companies and financial institutions in developingcountries, leveraging the power of the private sector to end extreme povertyand boost shared prosperity as economies grapple with the impacts of globalcompounding crises. For more information, visit .
The International Finance Corporation (IFC), the privatesector arm of the World Bank Group, is a global investor and advisor committedto promoting projects in its developing member countries that are economicallybeneficial, financially and commercially sound, and environmentally andsocially sustainable. IFC finances private sector investments, mobilizescapital in the international financial markets, helps clients improve socialand environmental sustainability, and provides technical assistance and adviceto governments and businesses in the developing world.Â
The Manufacturing, Agribusiness and Services(MAS) Department is seeking an Investment Officer for its services andmanufacturing operations in Africa to be based in Johannesburg, South Africa.She/he will report to the Manager âServices for Africa.Â
Duties and Accountabilities:
â¢ Develop a strong pipeline of good quality investment opportunities in the Manufacturing & Services sectors through proactive origination/business development and developing and employing sector/country knowledge. Main geographical focus is the region covered by the Nairobi office but the IO might also support elsewhere in Africa.
â¢ 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.Â
â¢ Conduct upstream work to enhance business enabling environment of selected sector/country collaborating with World Bank, IFC Upstream and Advisory and other development partners, to create medium/long-term investment opportunities for IFC.
â¢ As transaction/ team leader and sector investment specialist, evaluate, structure, negotiate, and close new transactions, portfolio restructurings, rescheduling, capital increases, equity sales, as necessary.
â¢ Develop innovative and appropriate financial structures for complex transactions;
â¢ Lead term sheet negotiation/legal documentation process; use strong negotiation skills to develop solutions and overcome impasses in straightforward and complex transactions.
â¢ Mentor and develop junior staff.
â¢ Assist in the formulation, monitoring and updating of IFCâs strategy in the Manufacturing and Services sectors in Africa region, working with IFCâs industry and regional departments and in close coordination with the World Bank.
â¢ 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.
â¢ MBA or equivalent qualification.Â
â¢ At least 11-14 years of experience in corporate and/or project finance with a proven track record of sourcing, structuring and closing investments.Â
â¢ Excellent financial, credit and equity skills; demonstrated ability to creatively structure a variety of complex debt and equity instruments.
â¢ Expertise in the general Services (i.e. tourism, retail, properties, health, education) and Manufacturing sectors. Experience in Africa will be a plus.
â¢ Proactiveness, strong business development and client relationship skills, and ability to focus on client needs effectively.Â
â¢ Ability to interact directly and independently with the senior management of potential clients, financial and technical partners, as well as senior government officials.
â¢ Sound business judgment in identifying potential business partners and investment opportunities.
â¢ Excellent verbal and written communication skills in English.Â
â¢ Strong interpersonal skills, ability to interact effectively with clients and colleagues.
â¢ Team player. Ability to work sensitively and effectively in a multicultural setting.
â¢ 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.
â¢ Willing to travel to various regions in Africa (as long as safety standards are met based on the World Bank Group standards).
â¢ Strong passion in sustainable economic development.
â¢ Exceptional attention to detail.
â¢ Strong research and quantitative skills.
â¢ Strong Computer skills to develop user-friendly analyses/presentations (word, excel, and PowerPoint).
Note: This internal requisition is open to WBG and IMF staff only (including short-term and extended term consultants/ temporaries). External candidates are requested not to apply. In case an external candidate applies, their application will not be considered.
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