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. Our mission is to leverage the power of the private sector to end extreme poverty and boost shared prosperity on a livable planet. For more information, please visit www.ifc.org.
Private sector financial development is essential to the promotion of successful and sustainable economies in low- and middle-income countries around the world. Sound and efficient financial markets can ensure that resources are allocated where they are most productive, assisting job creation and spurring economic growth. IFC’s goal is to prioritize investment in the financial sector because it promotes development in all other sectors.
The Financial Institution Group (FIG) is one of IFC’s key Departments responsible for a significant portion of IFC’s business volume, profitability, and development reach, approximately 40%. FIG engages in a wide range of sub-sectors including Microfinance, SME, Gender, Climate, Insurance, Capital Markets, Housing, Distressed Assets, and other areas, with both investment and advisory services delivered globally to IFC’s clients through IFC’s global network. FIG has three main objectives: 1) financial inclusion 2) servicing the real economy and 3) mobilizing third-party resources.
FIG’s Europe team is based across the region with main hubs and offices in Vienna, Bucharest, Warsaw and Belgrade. The team members work on both new business development and portfolio management across the region. With a diverse network of markets, the pipeline of new transactions ranges from investing fresh equity in banks to structured finance products which help develop local capital markets.
FIG Europe Regional Industry Team is seeking Associate Investment Officer to be based in Vienna with good regional market and industry experience to help grow and develop its business across the region.
Note: If the selected candidate is a current Bank Group staff member with a Regular or Open-Ended appointment, s/he will retain his/her Regular or Open-Ended appointment. All others will be offered a 3-year term appointment.
Duties and accountabilities :

• Collaborate in developing client strategies/ engagement plans and pitch books for industry and countries;
• Establish and maintain relationships with mid-level clients and other stakeholders (government, development partners, WBG) to explore straightforward business opportunities;
• Analyze operational and financial performance as well as credit and integrity risks of potential clients/ projects;
• Build complex financial models, perform due diligence and financial analysis, and/or provide quality control over financial analysis/ projections developed by an analyst to evaluate the benefits and risks of straightforward transactions;
• Assess and articulate development impact and IFC’s role/ additionality in straightforward transactions;
• Lead straightforward investment transactions incorporating lessons learned from IFC’s earlier investments and portfolio management;
• Coordinate with internal stakeholders (Legal, E&S, sector specialists and Economists) to identify ways to strengthen the development impact and financial sustainability of projects;
• Perform credit and risk assessments, financial projections, covenant compliance reviews, and monitor changes to risk flags to determine the performance of the assigned portfolio with limited supervision;
• Responsible for rating reviews or loan loss reseves on a quarterly basis for the overall assigned portfolio. Run models for equity valuations to determine the need to modify the exit strategy;
• Supervise and ensure the quality of portfolio reporting information prepared by junior staff, providing broader industry, sub-sector and country perspective into project risks and issues,
• Engage with mid-level clients on straightforward projects to understand their business directions and challenges that may lead to new opportunities, and support the design of client engagement plans, as applicable;
• Follow up-with mid and senior level clients to resolve problems on straightforward projects.

Assigned portfolio supervision including structured finance transactions SRTs, RSFs, etc.
Selection Criteria

• Master’s degree in finance, economics or other related areas;
• At least 5-6 years of relevant experience with a proven track-record of sourcing, structuring and closing investments both in equity and debt; as well as active portfolio management of debt and equity investments.
• Candidates with work experience in audit companies, commercial banks, private equity funds and rating agencies are encouraged to apply.
• Good understanding of IFC’s financial instruments including typical investment conditions and key structuring terms.
• Understanding of industry drivers, business/ market development cycles, and how business performance and long-term competitiveness/ viability are measured within the industry and how industry dynamics may evolve within a country/ region;
• Proven analytical, financial analysis, equity valuation, and financial modeling skills to analyze and form conclusions on company financial information or projects and industry indicators. Able to oversee and provide quality control feedback on financial models prepared by analysts;
• Proven analytical experience on structured products including on risk-sharing (RSF)/significant risk transfer (RST) instruments. Ability to perform regular monitoring of these portfolios and identify risks.
• Understanding of credit and non-financial risks associated with straightforward projects and specific aspects of a complex project, and how to satisfactorily mitigate those risks.
• Capacity to identify barriers for market creation opportunities in a targeted country by tapping into relevant internal expertise and synthesizing information on local regulatory and economic context, industry/ sector and landscape, and constraints clients are facing to grow their business;
• Capacity to build clientrelationships/ networks. Ability to identify business opportunities, discuss structuring alternatives, and resolve issues;
• Excellent written, verbal communication and presentation skills to effectively influence the perception/ support of clients/ stakeholders;
• Ability to draft documents and reports that are concise, well-organized, and appropriately focused on most critical points that are relevant to the target audience;
• Ability to share valid opinions and new observations relevant to project outcomes with project leaders in a manner that is concise, cohesive, and focused.
• Excellent oral and written presentation skills in English are required; Knowledge of other languages of the CEE region is desirable.

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.