Thinking of a Career in Emergency Management?
- BY Nicole Pelette
Do you want to build a career that is truly worthwhile? The International Finance Corporation (IFC), a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with more than 2,000 businesses worldwide, we use our capital, expertise, and influence to create markets and opportunities where they are needed most.
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:
Duties and Accountabilities
Collaborate in developing client strategies/ engagement plans and pitch books for industry and countriesEstablish and maintain relationships with mid-level clients and other stakeholders (government, development partners, WBG) to explore straightforward business opportunitiesAnalyze operational and financial performance as well as credit and integrity risks of potential clients/ projectsBuild complex financial models, perform due diligence and financial analysis, and/or provide quality control over financial analysis/ projections developed by an analyst to evaluate benefits and risks of straightforward transactionsAssess and articulate development impact and IFC’s role/ additionality in straightforward transactionsLead straightforward investment transactions incorporating lessons learned from IFC’s earlier investments and portfolio managementCoordinate with internal stakeholders (Legal, E&S, sector specialists and Economists) to identify ways to strengthen development impact and financial sustainability of projectsPerform credit and risk assessments, financial projections, covenant compliance reviews, and monitor changes to risk flags to determine performance of assigned portfolio with limited supervisionResponsible for rating reviews or loan loss resever on a quarterly basis for the overall assigned portfolio. Run models for equity valuations to determine the need to modify the exit strategySupervise and ensure quality of portfolio reporting information prepared by junior staff, providing broader industry, sub-sector and country perspective into project risks and issuesEngage with mid-level clients of straightforward projects to understand their business directions and challenges that may lead to new opportunities, and support design of client engagement plans, as applicableFollow up-with mid and senior level clients to resolve problems on straightforward projects
Master’s degree in finance, economics or other related areas; accreditation as CFA or CPA is considered equivalentAt least 4-8 years of experience with a proven track-record of sourcing, structuring and closing investments both in equity and debt; and/or experience in structured finance products, derivatives and hedging techniquesGood understanding of IFC’s financial instruments, requirements, main investment agreements/ standard contracts and provisions, all aspects of transactions to provide input for optimal structuring of a prospective opportunity, and internal deal and portfolio processingUnderstanding 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/ regionProven 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 analystsUnderstanding of credit and non-financial risks associated with straightforward projects and specific aspects of a complex project, and how to satisfactorily mitigate those risks based on understanding of how IFC assesses risk/ reward tradeoffsCapacity 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 businessCapacity to build client relationships/ networks. Ability to identify business opportunities, discuss structuring alternatives, and resolve issuesExcellent written, verbal communication and presentation skills to effectively influence the perception/ support of clients/ stakeholdersAbility to draft documents and reports that are concise, well-organized, and appropriately focused on most critical points that are relevant to the target audienceAbility to share valid opinions and new observations relevant to project outcomes with project leaders in a manner that is concise, cohesive, and focusedExcellent oral and written presentation skills in English are required; Knowledge of other ECA languages is desirable