About the World Bank Group:
Established in 1944, the WBG is one of the world’s largest sources of funding and knowledge for development solutions. In fiscal year 2018, the WBG committed $67 billion in loans, grants, equity investments and guarantees to its members and private businesses, of which $24 billion was concessional finance to its poorest members. It is governed by 188-member countries and delivers services out of 120 offices with nearly 15,000 staff located globally.
The WBG consists of five specialized institutions: the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for the Settlement of Investment Disputes (ICSID). The World Bank is organized into six client-facing Regional Vice-Presidencies, several corporate functions and thirteen Global Practices to bring best-in-class knowledge and solutions to regional and country clients.
The Infrastructure Practice Group is charged with developing sustainable solutions to help close infrastructure gaps in developing and emerging economies. It comprises Energy and Extractives (EEX), Transport, Digital Development, and Infrastructure Finance, Public Private Partnerships and Guarantees (IPG). The World Bank’s active portfolio in Infrastructure consists of 400 operations, implemented by a workforce of over 700 staff in headquarters and 82 country offices. The core values guiding our work include our passion for sustainable poverty reduction, our willingness to put the needs of the client at the center of all our activities, and our honesty and integrity as a common currency.
As part of the newly established Infrastructure Practice Group, the Infrastructure, PPPs and Guarantees Group (IPG) brings together different units that fund and provide advisory support and capacity building on investment planning, regulation and PPP design; structure infrastructure projects with guarantees and other credit enhancements; finance the preparation of commercially viable investments; and develop tools to help governments prioritize investments, assess fiscal liabilities, and structure public-private partnerships. IPG is also the focal point for the World Bank Group’s key initiative Maximizing Finance for Development (MFD), which involves leveraging the private sector and optimizing the use of scarce public resources in a way that is fiscally, environmentally, and socially sustainable
Under IPG’s remit, the Financial Structuring & PPPs (FSP) unit supports, in collaboration with the World Bank Global Practices, IFC and MIGA, through technical assistance, capacity building and project structuring along the infrastructure investment/project cycle, inter alia:
- Upstream through advice on policy, regulatory and legal frameworks, institutional capacity building, and infrastructure prioritization and planning;
- Midstream through project identification, preparation and development of the most appropriate procurement mode whether it be public, private or a combination thereof including PPPs, while also ensuring that such infrastructure is provided in a sustainable and resilient manner; and
- Downstream by structuring alternative options to public finance and by deploying financial instruments of the World Bank (including World Bank guarantees) and providing transaction support to mobilize finance, while ensuring financial and technical sustainability of appropriate financial solutions.
The Infrastructure Finance Specialist within FSP plays an important role in advancing FSP’s and the IPG Group’s overall agenda, working on some or all of the three above-mentioned workstreams
Roles & Responsibilities:
The Infrastructure Finance Specialist will be part of a dynamic team of finance specialists providing technical assistance, financial solutions and specific expertise in support of infrastructure investment across all sectors and regions of the Bank. He or she will support institutional capacity building at different levels of government, the development, structuring and implementation of project pipelines and transactions employing a range of Bank products, loans and guarantees designed to attract co-financing from the private sector at the best available terms and conditions for the benefit of World Bank clients. He will be expected to have a good understanding of financial markets and a variety of debt instruments as they relate to client financings. The Infrastructure Finance Specialist will report to the Practice Manager of FSP.
Specific responsibilities and duties include:
- Advise clients internally and externally (governments), on the development and effective implementation of private investments for sustainable development in infrastructure with a specific focus on financing solutions
- Support the expansion of Bank’s project pipeline, especially in infrastructure that are being targeted to mobilize private sector financing.
- Develop and lead conceptualization of FSP marketing materials and documentation;
- identification of opportunities and candidates, and
- relationship building and management with both internal clients (GPs, CMUs, IFC & MIGA) and external clients (banks, institutional investors, credit analysts)
- Support Senior and Lead infrastructure specialists during preparation, structuring, negotiation, and closing of transactions of investment and policy operations
- Undertake the financial analysis and modelling tasks within FSP project teams working on guarantees operations and other financial structures to mobilize commercial capital for development purposes
- Work with TTLs as an integral part of the project team, to conduct due diligence for infrastructure finance operations with a special focus on structuring financial solutions for raising new funding and debt restructurings
- Being integral part of project teams focusing on:
- risk assessment and risk allocation,
- financial structuring,
- transaction design, structuring and transaction implementation, and
- assessment of readiness of infrastructure projects to be taken to financial markets for long term funding
- Advanced university degree in areas such as international business (Masters in Finance or MBA or equivalent);
- At least five years of professional experience working with governments on sustainable infrastructure development including Public Private Partnerships, project financing and debt restructuring (transactions), particularly on infrastructure projects;
- Excellent communication skills, both oral and written;
- Proven ability to interact and communicate effectively with senior staff and clients;
- Ability to work flexibly on a range of assignments, and prioritize a variety of complex evolving tasks;
- Ability to deal sensitively in a multicultural environment and build effective work relations with clients and colleagues;
- Willingness and ability to travel extensively;
- Other Languages: French and/or Spanish is a must.
- Infrastructure Public-Private Partnerships - Working knowledge of Public-Private Partnerships
- business/operating models; ability to conduct a range of financial and business case analyses.
- Infrastructure Policy, Strategy, and Institutions - Familiarity with infrastructure policies, strategies, institutions, and regulations, including the ability to identify how key policy and sector issues (sector economics, market structure, and regulation) impact the ability to raise financing.
- Infrastructure Finance - Ability to conduct a range of infrastructure financial analyses including financial modeling. Working knowledge of a range of financing alternatives and financial instruments.
- Knowledge and Experience in Development Arena – Understanding of project financing process; with ability to distill operationally relevant recommendations/lessons for clients.
- Integrative Skills - Working to develop an integrated view across all facets of infrastructure financing.
- Client Orientation - Taking personal responsibility and accountability for timely response to client queries, requests or needs, working to remove obstacles that may impede execution or overall success.
- Drive for Results - Taking personal ownership and accountability to meet deadlines and achieve agreed-upon results, and the personal organization to do so.
- Teamwork (Collaboration) and Inclusion - Collaborating with other team members and contributing productively to the team's work and output while demonstrating respect for different points of view.
- Knowledge, Learning and Communication - Actively seeking knowledge needed to complete assignments and sharing knowledge with others, communicating and presenting information in a clear and organized manner.
- Business Judgment and Analytical Decision Making - Analyzing facts and data to support sound, logical decisions regarding own and others' work.